<ul><li>Avalanche (AVAX) faces a potential shift in momentum as it drops below a key 4-hour trendline, indicating a bearish signal for traders.</li><li>TradingGain notes that failure to reclaim the trendline may lead to new lows for Avalanche, with selling pressure outweighing bullish momentum.</li><li>The Relative Strength Index (RSI) weakening adds to the bearish case, hinting at a loss of upward momentum and a potential further downside for AVAX.</li><li>Traders are advised to closely monitor the price action around the $22.8 to $23.0 range, as failure to reclaim this zone could confirm the bearish narrative for Avalanche.</li></ul>

Avalanche Slides Off The Edge – What Comes After The 4H Trendline Snap?

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