Avalanche (AVAX/USD) Market Faces Strong Resistance as Downtrend Momentum Builds
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Avalanche Price Prediction – April 15
AVAXUSD market faces strong resistance as downtrend momentum builds. The overall trend of the market clearly remains bearish despite the recent pullback.
The Stochastic Oscillator on the daily timeframe is hovering above the 80 level, with the %K and %D lines currently at 83.36 and 82.16, respectively, suggesting overbought conditions. This signals a possible exhaustion in the recent bullish correction and opens the door for a bearish reversal. Additionally, price is trading just above the 7-day Simple Moving Average ($18.760), but the moving average remains flat, indicating a lack of strong upward momentum.
AVAX/USD Market Key Levels
Resistance: $21.490, $26.550, $33.020
Support: $17.280, $12.500, $8.620
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows a retest at the breaker block, which might trigger the resumption of the market’s downtrend.
From a price action standpoint, AVAXUSD has struggled to break above the $21.490 resistance zone, which coincides with a previous bearish order block (OB). This area has rejected price multiple times, showing the presence of strong selling interest.
The structure remains bearish as lower highs and lower lows dominate the chart, with a recent bearish break of structure (BOS) confirming sellers’ control. The market also experienced a market structure shift (MSS) earlier in the year, which further supports the bearish bias.
What is the projection for AVAXUSD market?
Given the rejection at $21.490 and the bearish market context, AVAXUSD is likely to resume its downward move. A sustained drop below the $18.760 SMA could trigger a deeper sell-off towards $17.280, and if that level fails to hold, the next significant support lies at $12.500.
Any bullish reaction in the near term may be limited to retesting the $21.490 zone before sellers regain control. The overall projection favors a bearish continuation unless a daily close above $21.490 invalidates the current structure.
AVAX/BTC Price Analysis
AVAXBTC is trading below the 9-day SMA, indicating continued bearish pressure. Price was rejected at the order block near 0.0002500 and is now pulling back.
The Stochastic Oscillator is overbought and starting to turn down, suggesting downside momentum. A drop toward the 0.0002010 or even 0.0001700 support zone looks likely.
Avalanche (AVAX) Current Statistics
The current price: $20.00
Market Capitalisation: $8,160,000,000
Trading Volume: $279,240,000
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