MEXCAvalanche Price Analysis: AVAX Price Back To $22 Support, Time To Buy?
A new descending trendline carrying the ongoing downfall has pulled the Avalanche(AVAX) price back to $22 support. If sellers continue to exert pressure, the coin price could nosedive below this support extending the fall by another 30%.
Key points:
- The AVAX falling price retest the previous lower low support of $22
- RSI divergence hints at the possibility of descending trendline breakout
- The intraday trading volume in the AVAX is $844 Million, indicating a 3.2% gain
Source- Tradingview
The AVAX/USDT pair has experienced a sharp decline in the past two months. As a result, from the last swing high of $103.53 mark, the downtrend has tumbled the altcoin by 77% and plunged it to a low of $21.47.
However, the AVAX price gives 12-30% occasional bullish pullbacks to replenish the selling momentum. In addition, the 20-day EMA continues to provide constant resistance, assisting sellers in sustaining this downtrend.
Anyhow, for the past three weeks, the AVAX price has been falling under the influence of a descending trendline. This dynamic resistance has brought the altcoin back to its current lower low support at $22, teasing another breakdown.
If sellers succeed in breaching the $22 mark with a daily candlestick closing below it. The downfall will extend 30% lower to hit the next significant support at $15.
Alternatively, a regular bullish breakout from the downsloping trendline could trigger a comparatively longer pullback.
Technical indicator
The daily-RSI slope is rising even though a constant fall in price action indicates a rise in underlying bullish. This divergence bolsters the bullish breakout from the resistance trendline,
A bearish sequence between the crucial EMAs(20, 50, 100, and 200) indicates the buyers have multiple resistance to overcome before establishing a genuine recovery. Thus, each of these EMAs could act as a viable resistance, and longer must keep a close eye on them.
- Resistance levels- $28.5, and $38.5
- Support levels- $22 and $15.2
- Strategy Raises $715M to Buy More Bitcoin Through New Preferred Stock
- JPMorgan Reveals $340M BlackRock Bitcoin ETF Bet Amid Crypto Treasury Decline
- Arthur Hayes Bets Big on Zcash as It Tops $10B and Surpasses Hyperliquid
- Kalshi Sees Nearly 50-Day Shutdown As Bitcoin Now Mirrors Nasdaq
- Breaking: Crypto Market Structure Bill Faces Delay Amid U.S Senate Drafting Issues
- NEAR Protocol Price Surges 37% as Open Interest Jumps 59% — Is $5 the Next Target?
- Can Ethereum Price Break Below $3k as Exchange Reserves Hit Record Lows?
- Avalanche Price Nears 60% Jump Ahead of Granite Upgrade as AVAX Burn Rate Jumps
- Bitcoin Price Crashes Below $100K: What’s Driving the Drop?
- Zcash Price Surges 24% as November 2025 Halving Hype Grows – Is $1,000 Next?
- Shiba Inu Price Soars 5%: Is SHIB About to Erase Another Zero?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
