‎Avalanche (AVAXUSD) Poised for Retracement Amid Ongoing Bearish Trend

‎AVAXUSD Market Analysis – June 27

‎Avalanche (AVAXUSD) resumes its prolonged bearish trend as a new bearish phase takes shape.

‎Avalanche Key Levels

‎Support Levels: 15.70, $12.00
‎Resistance Levels: $21.50, $27.00

‎AVAXUSD Long-Term Trend: Bearish

‎Avalanche has been locked in a significant bearish trend for most of the year, with a temporary bullish relief rally observed in April 2025. During this period, the price surged toward the $27.00 supply zone but failed to breach it, resulting in a fresh wave of bearish momentum.
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‎Notably, price action formed a clear Head and Shoulders reversal pattern during the retracement phase, signaling a shift in market sentiment from bullish to bearish. This pattern was instrumental in initiating the current downward leg, reinforcing the overall bearish structure.
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‎From a technical standpoint, the daily Moving Average remains above current price levels, confirming the dominant bearish bias. However, the Relative Strength Index (RSI) on the daily chart is nearing oversold territory, hinting at a potential bullish retracement. This retracement is expected to be short-lived, likely targeting the daily order block before the broader downtrend resumes.

‎AVAXUSD Medium-Term Trend: Bullish

‎On the 4-hour timeframe, the recent decline found strong support at the $15.70 demand level. This led to the formation of a Reverse Head and Shoulders pattern, which has triggered a fresh wave of bullish momentum. Following the breakout, the price experienced a brief bearish pullback that tapped into a 4-hour order block, providing a potential setup for further upside.
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‎Given the early signs of bullish recovery on the daily RSI, the 4-hour timeframe reflects a more optimistic outlook in the short term. This temporary bullish surge is expected to continue, aiming to fill the daily order block zone before the price resumes its broader bearish direction.

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