Avalanche is back in the spotlight as crypto analysts point to a potential breakdown in its price trend. With AVAX showing signs of continued decline, traders are closely monitoring its next moves.
Avalanche Market Structure Breakdown
AVAX has been in a consistent downtrend since reaching its peak near $55 in December 2024. A small ascending channel recently broke to the downside, suggesting a continuation of the overarching bearish trend.
AVAX Support and Resistance Analysis
Several historical support levels are in focus if downward momentum persists, including $16.5, $13.5, $11, $8, and $6. Resistance is observed at $22.5, $26.5, $36.5, and beyond.
Key Price Levels for Avalanche
The $7 target aligns with historical price ranges. To invalidate the bearish pattern, AVAX needs recovery above $22.5 with volume support. Analysts continue to monitor market reactions.
AVAX remains under scrutiny as the asset tests the limits of its structural support zones.
