Avalanche Price Forecast – AVAXUSD Faces Intense Selling Pressure

Avalanche Price Forecast – February 7

The Avalanche price forecast indicates that the market is experiencing strong bearish momentum, with sellers taking control and driving the price lower.

Avalanche Long-Term Trend: Bearish (Daily Chart)
Key Levels:

Support Levels: $24.200, $20.000
Resistance Levels: $32.840, $40.360
After months of consolidation between $40.360 and $32.840, a bearish breakout in February has sent AVAXUSD plunging toward $24.200. Sellers are increasing pressure, and if this momentum persists, the next downside target could be $20.000.

Avalanche Price Forecast – AVAXUSD Outlook

The market structure for Avalanche has turned decisively bearish, with sellers maintaining dominance. The Parabolic SAR confirms the ongoing downward trend, while the RSI indicates strong selling pressure, suggesting bears remain in control. If $24.200 fails as support, AVAXUSD could decline further toward $20.000.

A potential relief rally may emerge from key support levels, but for now, the trend favors further declines. If sellers push below $24.200, a drop toward $20.000 is likely as bearish momentum remains strong.

Although a short-term bounce could occur, the overall downtrend will persist unless buyers manage to reclaim the $32.840 resistance level. Both the Parabolic SAR and RSI continue to indicate bearish strength, with no signs of a reversal yet.

Avalanche Medium-Term Trend: Bearish (4-Hour Chart)

On shorter time frames, bearish sentiment remains dominant. The RSI (Relative Strength Index) confirms that sellers are firmly in control, with no immediate signs of exhaustion.
The Parabolic SAR continues to indicate a downward trend, reinforcing the prevailing bearish momentum. Any temporary relief rally will likely encounter resistance near $28.000 before sellers regain control. Traders watching crypto signals will be monitoring the market closely for any potential shifts in momentum.

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