That chart jumped out. AVAX/USDT is tracing a descending channel and showing clear signs of further downside.
Stoic-Trader's latest on TradingView lays it out. Price has been rejected at the 25 USDT shelf and continues to respect that downward trend since early August. Hidden bearish RSI divergences reinforce that the down-trend is more than noise. The mid-channel line near 21 USDT is already in the rear-view. The real question: can AVAX hold above there? If not, the 17–17.5 USDT zone is the next logical target.
It’s not dramatic, but it’s coherent. A measured slide backed by structure and momentum. No wild turns—just steady pressure. If AVAX breaks below that 21-level decisively, brace for the slide toward the low-teens.
Watch that 21 mark. It could define whether AVAX weathers the storm or keeps falling.