Avalanche (AVAX/USD) Market Sustains Persistent Bearish Trend Below Critical Supply Barriers
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Avalanche Price Prediction – July 1
AVAXUSD sustains a persistent bearish trend below critical supply barriers. The AVAXUSD pair continues to exhibit a well-defined bearish trajectory, reinforced by its persistent trade below the 9-day Simple Moving Average currently situated near $17.560.
This moving average has consistently acted as dynamic resistance, aligning with the negative slope of the MACD histogram, which remains in contractionary territory below the zero line. The convergence of these indicators underscores the prevailing downside momentum and signals that bearish sentiment is firmly entrenched among market participants.
AVAX/USD Market Key Levels
Resistance: $22.770, $26.550, $33.020
Support: $17.280, $12.500, 8.620
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows consistent decline in fractals.
The market has recently formed a clear rejection pattern after testing the prior order block resistance near $19.500. The failed attempt to reclaim the $21.300 structural pivot further validates the weakness in buying interest and reinforces the lower high sequence that has developed since early June. Notably, the decisive break below the $17.30 horizontal support has triggered renewed selling pressure, effectively confirming the change of character and favoring continued downside exploration.
What is the projection for AVAXUSD market?
Looking ahead, the broader bearish structure implies further price depreciation toward the next significant demand zone near $12.500. Any short-term retracement into the $17.900–$19.500 supply region is likely to encounter renewed selling activity, providing opportunities for bearish continuation setups. Should the pair fail to reclaim the $21.309 level decisively, the probability increases for a sustained decline targeting the $12.500 support area as sellers maintain control over market direction.
AVAX/BTC Price Analysis
AVAXBTC remains bearish as price continues to trade below the 9-day SMA. The recent bullish attempt may target the 0.0002010–0.0002050 order block, which is a likely supply zone. A rejection from that zone could trigger a continuation of the downtrend. MACD lines are still below zero, supporting further bearish pressure.
Avalanche (AVAX) Current Statistics
The current price: $17.910
Market Capitalisation: $7,380,000,000
Trading Volume: $282,950,000
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