‎Avalanche (AVAX) Eyes Bullish Continuation Despite Short-Term Retracement Signals

‎AVAXUSD Market Analysis- September 12

‎Avalanche (AVAX) has shifted into a bullish phase, with price action suggesting strong upside potential, although a short-term retracement is likely before further gains.

‎AVAXUSD Key Levels

‎Support Levels: $26.00, $20.40
‎Resistance Levels: $31.20, $36.40

‎AVAXUSD Long-Term Trend: Bullish

‎Avalanche has successfully altered its overall market structure to bullish after recovered the $26.00 demand level. This structural break signifies the start of a recovery period, with price projected to rebound strongly and retake key levels lost during the recent fall.
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‎Currently, the bullish momentum is still in its early stages, presenting multiple opportunities for accumulation as buyers prepare to push price higher. However, before reaching the $31.20 supply level, a temporary retracement is anticipated. This is supported by the daily Relative Strength Index (RSI), which shows that AVAX has entered the overbought region.
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‎The expected pullback is likely to target the daily order block, creating a healthier setup for continuation. Importantly, price must not fall below the $20.40 support level, as a breach of this point would compromise the broader bullish outlook.

‎AVAXUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, a bearish retracement is becoming evident as a failed high pattern has formed. This signals the onset of short-term bearish momentum, in alignment with the anticipated daily pullback.
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‎The 4-hour RSI also reinforces this view, as price currently sits in the overbought zone, suggesting room for downward correction. Once price declines toward the daily order block, the 4-hour RSI is expected to flip into oversold territory, which would provide strong confluence for the resumption of the bullish trend.

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