‎Avalanche (AVAXUSD) Eyes Temporary Recovery Amid Broader Bearish Pressure

‎AVAXUSD Market Analysis- November 7

‎Avalanche (AVAXUSD) is currently navigating a corrective phase within its broader bearish structure, as short-term bullish momentum emerges from the $15.50 demand level while sellers maintain long-term market control.

‎AVAXUSD Key Levels

‎Support Levels: $15.50, $9.70
‎Resistance Levels: $24.30, $31.70

‎AVAXUSD Long-Term Trend: Bearish

‎Avalanche (AVAXUSD) continues to exhibit a strong bearish sentiment, following a significant break of structure in early October 2025 that confirmed sellers’ dominance in the market. The decline has since driven price action toward the $15.50 demand level, accompanied by an additional bearish structural break that signals the continuation of a downward phase.
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‎Upon testing the $15.50 demand level, however, AVAXUSD has begun to show subtle indications of a potential bullish reaction. The level has been tested multiple times without a decisive breakdown, hinting at the possibility of a short-term bullish retracement. Despite this, the overall market structure remains firmly bearish, suggesting that any upward movement should be viewed as a temporary correction within the prevailing downtrend.
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‎The daily Relative Strength Index (RSI) supports this outlook, currently reflecting an oversold condition that aligns with expectations of a corrective bullish pullback. This rebound is projected to retest the daily bearish order block before price resumes its downward trajectory, potentially breaching the $15.50 demand zone to establish new lows.

‎AVAXUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, AVAXUSD demonstrates early signs of bullish momentum, aligning with the anticipated daily pullback phase. The price structure around the $15.50 demand level shows a failed low formation, providing a technical confluence for a short-term bullish advance.
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‎Additionally, the 4-hour RSI reveals strengthening buying pressure, indicating growing bullish interest as traders attempt to push price higher. Nevertheless, this upward move is expected to remain limited. Once price interacts with the daily bearish order block, buying activity is likely to diminish, allowing sellers to regain control and drive the market back into the dominant bearish direction.
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