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TronWeekly

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Avalanche Price Analysis: Will AVAX Break Below $18.45 Support?

  • Avalanche (AVAX) is facing bearish momentum, struggling to stay above $20 and showing resistance near $20.20-$21.70.
  • The price is below key indicators like the Bollinger Band midline and 9-DEMA, indicating weak trend strength.
  • Support is around $18.45, which may be tested soon; increased volatility suggests deeper losses if support breaks.
  • Avalanche is under selling pressure with a 1.23% intraday gain at $19.65; technical analysis indicates a bearish phase.

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