Avalanche (AVAX/USD) Market Continues Bearish Below Key Levels and Demand Zones
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Avalanche Price Prediction – March 18
The AVAX/USD market continues to be bearish below key levels and demand zones. The bearish trend is expected to continue as price.
The AVAXUSD pair is trading below the 9-day SMA (Simple Moving Average) at $18.330, confirming a sustained bearish trend. The RSI (Relative Strength Index) is currently at 41.37, indicating weak momentum and no signs of an immediate reversal. With the price trading below the moving average and RSI struggling to recover above 50, the bearish sentiment remains dominant.
AVAX/USD Market Key Levels
Resistance Levels: $33.020, $45.050, $55.860
Support Levels: $21.500, $17.280, $8.620
AVAX/USD – Daily Chart
The daily chart for AVAXUSD keeps declining in fractals in favor of the bears.
Price action shows multiple breaks of structure (BOS) to the downside, reinforcing the bearish bias. There is a clear rejection around the $21.500 supply zone, which has acted as resistance.
The mitigation blocks (MB) and order blocks (OB) have also capped upward movements, preventing a bullish reversal. If the price fails to reclaim $21.500, further downside pressure is likely.
What is the projection for AVAXUSD market?
Given the prevailing bearish structure, AVAXUSD is likely to continue its descent toward the next swing low at $15.300. If bearish pressure intensifies, a further drop to $8.600 is possible. Any short-term bullish retracement would likely face resistance at $21.500, keeping the broader trend bearish.
AVAX/BTC Price Analysis
AVAX/BTC Price AnalysisAVAXBTC remains in a bearish trend, trading below the 9-day SMA at 0.00022090 BTC. The RSI is at 41.71, signaling weak bullish momentum and the likelihood of continued downside pressure.
Price is struggling to hold above the 0.00022090 BTC support, with the next key support level around 0.00019400 BTC. If bearish momentum persists, the price could decline further toward 0.00013160 BTC, while any recovery faces resistance near 0.00023710 BTC.
Avalanche (AVAX) Current Statistics
The current price: $18.650
Market Capitalisation: $7,850,000,000
Trading Volume: $270,530,000
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