‎AVAXUSD Bearish Shift Confirmed After Rejection at $26.10

‎AVAXUSD Market Analysis- July 4

‎Avalanche (AVAXUSD) confirms a bearish structure shift after a strong rejection at the $26.10 level, with current price action suggesting a short-term retracement before the downtrend potentially resumes.‎

‎AVAXUSD Key Levels

‎Support Levels: 18.10, $14.70
‎Resistance Levels: $21.30, $26.10‎

‎AVAXUSD Long-Term Trend: Bearish

‎Avalanche (AVAXUSD) has officially resumed its bearish trajectory following a strong rejection from the $26.10 supply zone. Price initially rallied from a key demand level at $14.70, where bullish momentum temporarily took over, pushing price up toward the $26.10 resistance. However, this level proved significant as price was rejected twice, triggering a reversal in structure.
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‎The rejection at $26.10 marked a critical turning point. Price began forming lower lows, confirming a bearish break of structure. The most recent bearish leg originated from a daily supply zone slightly above the $21.30 level, breaking decisively through the $18.10 demand zone—indicating renewed bearish pressure.
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‎Currently, price appears to be in a corrective phase, showing a temporary upward move. This is partially supported by a slight uptick in the daily Relative Strength Index (RSI), suggesting a retracement is in play. However, the broader trend remains bearish, and this upward movement is likely aimed at filling the daily Fair Value Gap before resuming the downward trend.‎‎

‎AVAXUSD Medium-Term Trend: Bullish

‎In the medium term, AVAXUSD is showing signs of a bullish correction following the breakdown below the $18.10 demand level. This upward move appears to be a retracement toward the unfilled daily Fair Value Gap left behind during the recent selloff.
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‎A minor bullish break of structure has occurred on the lower timeframes, and price has tapped into a 4-hour bullish order block. This could serve as a potential launch point for a temporary bullish leg. However, momentum is currently weak as the 4-hour RSI is showing a decline in strength. Until RSI begins to climb again, traders should expect delayed bullish continuation or consolidation in the short term.‎

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