🚨 Avalanche ($AVAX) Facing Massive Sell Pressure — What’s Next? 📉🔥

The Avalanche market is getting hot — but sadly not in the bullish way! Let’s break down what’s happening 👇

💥 Dominant Trend:

AVAX has been in a strong downtrend since it peaked around $36–$36.5 on September 23. The chart clearly shows a pattern of lower highs and lower lows, signaling that sellers are still in full control.

💰 Current Price Action:

After heavy selling, AVAX found a small support near $27.80 and is now trying to bounce back — currently trading around $28.25 (-8.84%). While there’s a slight recovery attempt, overall momentum still looks bearish.

📊 Technical Check:

Moving Averages: All key moving averages (red, yellow, blue, green) are well above the current price, creating strong dynamic resistance. This alignment confirms the dominance of sellers.

RSI (Relative Strength Index): Around 28.10 — that’s deep in oversold territory. This means sellers may be exhausted, and a short-term bounce could be coming soon.

🧠 Summary:

AVAX is still in a heavy downtrend, but the RSI suggests it might be oversold for now. If buying volume increases, we could see a small relief rally or sideways consolidation.

However, a full reversal will only happen if the price breaks back above major moving averages with strong volume.

⚠️ Until then, the trend remains bearish — trade carefully and don’t catch a falling knife!

💡 Pro Tip: Always wait for confirmation before entering any trade. Patience saves portfolios.

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