Avalanche Price Forecast: AVAXUSD Keep Sliding Under Bearish Pressure

Avalanche Price Forecast: January 25

The Avalanche price forecast is for the bears to ride the price further downward toward the $26.20 demand zone

Avalanche Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $33.60, $45.30, $50.10, $65.50
Zones of Demand: $30.30, $26.20, $21.50

The Avalanche market keeps sliding downward under bearish pressure. The switch of power was confirmed when the price failed to rise above the $50.10 resistance level. Before that point, the market has made a strong and piercing rally through several levels, recording more than 250% price increase in the space of around 6 weeks. Therefore the rejection at $50.10 is taking its toll on the market and the price continues to fall.

Avalanche Price Forecast: AVAX/USD Outlook

AVAXUSD persists in a continuous downward trajectory, yielding to bearish pressure, as indicated by prevalent crypto signals.

The power shift became apparent when the price encountered resistance at $50.10. Before this pivotal point, the market had undergone a robust rally, witnessing an impressive 250% increase in price over approximately six weeks.

However, the rejection at $50.10 has exerted a considerable toll on the market, resulting in an ongoing descent in price.

AVAX/USD Medium-Term Trend: Bullish (4-hour chart)

Within the ongoing bearish cycle, the price has now descended below the Moving Average period 50 (MA). The Average Convergence Divergence (MACD) lines have sharply dipped below the zero level. This emphasizes the prevailing downtrend as suggested by crypto signals on the daily timeframe.

On the 4-hour timeframe, the MA period 50 continues its downward trajectory above the candlesticks, signifying the resilience of bearish forces. The MACD lines have crossed below the zero level, fluctuating beneath the line. In summary, as crypto signals persistently indicate a downtrend, the bears maintain control, actively propelling the price downward in the AVAXUSD market.

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