📅 24-Hour Avalanche
(AVAX) Forecast
AVAX is currently priced at $24.75, experiencing a modest +1.31% move in the last 24 hours. Despite minor upticks, the overall data reflects increasing downside momentum for the upcoming session.
📉 Price Outlook
Price action continues to reject from $25.65, a strong resistance zone where significant historical volume exists. The next expected price level is $23.52, driven by weakening momentum and high sell pressure.
🔍 Technical Momentum
The Relative Strength Index (RSI) sits at 41.86, suggesting weakening buying interest. MACD remains below the signal line at -1.4280, and moving averages across 20, 50, and 200-day periods show clear bearish alignment. Heikin-Ashi candles confirm lower highs and continuation of the trend.
🔗 On-Chain Strength
Over 1.3 million wallets are currently holding AVAX at a loss. This cluster builds a strong resistance barrier above current prices. Large holders have increased movements by 380% this week, signaling redistribution and short-term exits rather than fresh accumulation.
💼 Institutional Flows
No significant inflows were recorded from institutional-grade platforms. Futures data suggests declining open interest, reducing the likelihood of leveraged push-ups in price.
😐 Market Mood
Social media volume for AVAX has declined by 22% this week. Negative sentiment dominates Reddit and X, while Google Trends shows falling search interest. Fear & Greed Index also leans toward neutral, lacking any bullish trigger.
🌐 Macro Tailwinds
No major macro driver is favoring AVAX in the short term. The crypto market is also showing a mild decoupling from traditional indices like S&P 500 and Nasdaq, offering little external uplift.
🧭 Entry & Exit
• Entry Range: $24.60 – $24.75
• Exit Target: $23.52
📌 Summary
Technical, on-chain, and sentiment data align toward a short-term decline. AVAX is expected to drop toward $23.52 within the next 24 hours.
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