Avalanche (AVAX/USD) Market Remains Bearish as Price Invalidates Major Support
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Avalanche Price Prediction – April 1
Avalanche (AVAXUSD) market remains bearish as price invalidates major support. A retraction at the breaker block is expected as price keeps crashing downward.
The AVAXUSD daily chart shows a weak bullish momentum, with the 9-period SMA (Simple Moving Average) at $20.610 acting as dynamic resistance. The MACD (Moving Average Convergence Divergence) histogram is slightly negative, indicating bearish dominance, while the signal line remains below the zero level. The lack of significant bullish divergence suggests that downward pressure is still present, limiting the possibility of a strong reversal. Overall, technical indicators favor continued bearish movement unless a major shift occurs.
AVAX/USD Market Key Levels
Resistance: $26.550, $33.020, $45.050
Support: $21.500, $17.280, $8.620
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows a successful invalidation of a major support at $21.500.
The market structure shift (MSS) from the premium signals weakness, increasing the likelihood of lower prices in the coming sessions. Price action confirms the bearish bias, with AVAXUSD rejecting the $21.490 resistance zone, where a previous order block was formed.
This rejection aligns with a broader downtrend that started from the $45.050 high. The inability to sustain a breakout above the $21.500 region shows that sellers are still in control.
What is the projection for AVAXUSD market?
If AVAXUSD fails to reclaim $21.500, it is likely to drop towards the $17.280 support level in the short term. A breakdown below this key level could trigger an extended decline toward the next major support at $8.620.
The bearish outlook remains valid unless price reclaims $21.500 and sustains above it with strong volume. Until then, the prevailing market sentiment favors continued downside movement.
AVAX/BTC Price Analysis
AVAXBTC has broken out of a descending trendline, signaling a potential bullish reversal. The price is trading above the 9-day SMA, confirming short-term momentum shift.
A breakout above 0.00025100 could accelerate the move toward 0.00033330 and 0.00038220. MACD is turning bullish, further supporting the upside scenario.
Avalanche (AVAX) Current Statistics
The current price: $19.50
Market Capitalisation: $8,060,000,000
Trading Volume: $305,570,000
Place winning AVAX/USD trades with us. Get AVAX here
