$AVAX /USDT Price Analysis: Bearish Pressure Builds Below Key Support
Avalanche (AVAX) is trading at $21.65 (-5.95%), under notable selling pressure after losing key short-term support. The drop from the 24h high of $23.07 has pushed price below the MA(7) and dangerously close to testing the MA(99) at $21.30, which is now the last line of defense before deeper losses.
Technical Levels:
MA(7): $21.84 → now flipped to resistance
MA(25): $23.37 → signals mid-term downtrend
MA(99): $21.30 → crucial support zone
Support Zones:
Immediate: $21.30 (MA99)
Next: $20.20
Deeper: $17.61 → if $21 breaks decisively
Resistance Zones:
$21.84 (MA7)
$22.79–$23.37
Stronger cap: $25.38–$27.97 if momentum flips bullish
Indicators (Implied):
MACD: Likely bearish crossover in progress
RSI: Heading toward oversold → possible bounce area
Volume: Solid at $43.5M USDT, showing strong participation during the dump
Bias: Short-term bearish, neutral to bullish if price reclaims $23.00
Holding $21.30 is key to avoiding breakdown
Losing it opens room to $20.20 and potentially $17.6
Verdict:
AVAX is at a technical tipping point. A bounce from $21.30 could bring relief toward $23+, but if this zone breaks, expect further downside toward the $20.20–$17.60 support band. Wait for confirmation before entering new positions.