📊 Technical Analysis
● AVAX/USD remains in a well-defined descending channel after a failed rising triangle and multiple bearish triangle formations, confirming sustained selling pressure. Each rebound is capped by the descending resistance line, forming a clear sequence of lower highs.
● Price is consolidating just above the channel support near 11.5–11.0. A breakdown below this base would likely extend the bearish wave toward the next structural support, while upside attempts remain corrective below resistance.
💡 Fundamental Analysis
● Weak sentiment across altcoins and reduced risk appetite, alongside cautious crypto inflows, continue to weigh on AVAX performance.
✨ Summary
● Bearish trend intact. Resistance: 12.6–13.0. Targets: 11.5 then 11.0. Invalidation above descending resistance.
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● AVAX/USD remains in a well-defined descending channel after a failed rising triangle and multiple bearish triangle formations, confirming sustained selling pressure. Each rebound is capped by the descending resistance line, forming a clear sequence of lower highs.
● Price is consolidating just above the channel support near 11.5–11.0. A breakdown below this base would likely extend the bearish wave toward the next structural support, while upside attempts remain corrective below resistance.
💡 Fundamental Analysis
● Weak sentiment across altcoins and reduced risk appetite, alongside cautious crypto inflows, continue to weigh on AVAX performance.
✨ Summary
● Bearish trend intact. Resistance: 12.6–13.0. Targets: 11.5 then 11.0. Invalidation above descending resistance.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.