Avalanche (AVAX) price is under pressure and near multi-month lows, sparking concerns of a potential crash to $5.
Current AVAX price is around $18, with a bearish trend since late May, showing controlled downward movement.
Key support zones for AVAX include $17.73, $15.20, $13.40, and $8.00, with potential scenarios of further price drops if supports are breached.
The Relative Strength Index (RSI) indicates bearish momentum near oversold levels, with weakening buyer confidence.
A crash to $5 would require macro crypto collapse, AVAX-specific negative news, or market-wide panic selling, with Fibonacci extensions indicating $5 as a possibility.
While a bounce towards $20 is possible if $17.73 holds, the bearish trend remains strong until higher lows and RSI reversal occur.
Investors are advised to cautiously monitor key levels like $17.73, $15.20, $13.40, and $8.00 while waiting for confirmation signals.