AVAXUSD Market Analysis- April 12
AVAXUSD has undergone a significant shift in market sentiment, transitioning into a bearish trend following a major high at the start of 2025. This high marked the beginning of a persistent decline, with the price breaking through key support zones decisively, signaling a change in overall market direction.
AVAX/USD Key Levels
Support Levels: $32.60, $15.70
Resistance Levels: $44.20, $55.40
AVAX/USD Long-Term Trend: Bearish (Daily Chart)
The bullish momentum that began in early August 2024 saw AVAXUSD steadily climb, reaching a local high around $55.40 in early December. However, this rally was halted as the price formed a double top pattern, which initiated a sharp bearish reversal. Initially interpreted as a retracement within the broader bullish trend, the decline intensifies after breaching the $32.60 demand level.
This bearish momentum accelerated further as AVAXUSD approached the $15.70 level, breaking below the major low formed in August 2024. This confirmed a significant bearish structure shift, solidifying the longer-term downtrend.
Currently, price action suggests a potential short-term retracement. The market is showing early signs of bullish momentum as it retests the $15.70 zone, a key support level. The daily Relative Strength Index (RSI) also reflects increasing bullish momentum, pointing to a possible corrective move within the broader bearish context.
AVAXUSD Medium-Term Trend: Bullish (4-Hour Chart)
On the 4-hour timeframe, AVAXUSD is beginning to show signs of a short-term bullish trend that aligns with the potential retracement anticipated on the daily chart. The recent price action has formed a failed low, followed by the emergence of strong bullish candlesticks.
Moreover, the short-term bearish trendline has been broken, and price has moved above the 4-hour Moving Average—both strong crypto signals supporting a bullish move in the medium term. If momentum sustains, this 4-hour uptrend could fuel a deeper pullback on the daily chart, although the broader trend remains bearish until significant resistance levels are reclaimed.
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