Avalanche (AVAX/USD) Market Sinks Lower As Key Support Levels Face Invalidations

Avalanche Price Prediction – February 11

Avalanche market sinks lower as key support levels face invalidation. Further crashes seem highly probable as buying pressure weakens at support levels.

The 9-day SMA (Simple Moving Average) is trending downward, confirming the bearish sentiment as the price trades below it. The Stochastic Oscillator is in oversold territory at 24.78, indicating weak momentum with the potential for a short-term bounce. However, the overall trend remains bearish, and there is no strong sign of reversal yet.

AVAXUSD – Daily Chart

The daily chart for AVAXUSD indicates that the bulls are pulling out of the market as the price barely makes any notable retracement upward.

Price action shows a clear break of structure (BOS) at $33.020, followed by a lower high and a significant drop. A bearish order block (OB) near $40.600 acted as strong resistance, leading to further declines. The recent bounce off the $22.330 support seems to have engineered a short-term pullback.

What Is the Projection for AVAXUSD Market?

With sellers in control, AVAXUSD is likely to test the next major support at $17.280. If bearish momentum persists, a deeper decline toward $8.620 could follow. A short-term retracement toward $28.80 may, however, provide new selling opportunities before further downside continuation.

AVAX/BTC Price Analysis

AVAXBTC has broken below a key ascending trendline, confirming a bearish shift. The price is trading below the 9-day SMA (Simple Moving Average), and the Stochastic Oscillator remains in oversold territory, signalling weak momentum. A failed attempt to reclaim the 0.0002830 level suggests continued selling pressure. If the downtrend persists, the next major support at 0.0002010 could be tested.

Avalanche Key Levels

Resistance Levels: $33.020, $45.050, $55.860
Support Levels: $22.330, $17.280, $8.620

Avalanche (AVAX) Current Statistics
The current price: $25.130
Market Capitalisation: $10,720,000,000
Trading Volume: $316,570,000

.