Avalanche (AVAX/USD) Market Shows Strong Downtrend With Weak Momentum Signal
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Avalanche Price Prediction – June 24
AVAXUSD market shows strong downtrend with weak momentum signal. The broader trend in AVAXUSD reflects a bearish structure reinforced by both moving averages and the MACD (Moving Average Convergence Divergence) indicator.
The 9-period SMA (Simple Moving Average) currently trends above the price action and has acted as dynamic resistance throughout the recent downswing. The MACD histogram remains negative with a widening gap between the MACD line and the signal line—confirming strong downside momentum. The Market Structure Shift (MSS) and bearish order block (OB) test indicates bearish continuation is still dominant.
AVAX/USD Market Key Levels
Resistance: $26.550, $33.020, $45.050
Support: $17.280, $12.500, 8.620
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows that the bears are clearly in control of the market.
Technically, price attempted a break above the descending trendline but was firmly rejected, forming a swing high beneath the previous structure. The breakdown from the most recent bearish flag structure solidifies the bearish intent, with $17.280 now acting as a weak support zone already compromised.
What is the projection for AVAXUSD market?
Going forward, price is expected to extend lower toward the $12.500 support level, which aligns with a historical demand zone. A clean break and close below $16.000 would likely accelerate this move, with the next minor support resting around $13.000. If selling pressure persists and broader market sentiment remains negative, AVAXUSD could even challenge the $8.620 region in the long term.
AVAX/BTC Price Analysis
AVAXBTC is in a clear bearish trend, trading below the 9-day SMA and forming consistent lower lows. The pair broke beneath the 0.0001700 support and is now struggling to hold above 0.0001630.
Momentum remains weak as the MACD histogram shows persistent red bars and both lines stay below the zero level. If bearish pressure continues, the next target lies around the 0.0001310 support zone.
Avalanche (AVAX) Current Statistics
The current price: $16.660
Market Capitalisation: $7,660,000,000
Trading Volume: $564,680,000
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