‎AVAXUSD Extends Bearish Momentum as Market Approaches Oversold Territory

‎AVAXUSD Market Analysis- November 11

‎AVAXUSD continues to extend its bearish trajectory as recent price action confirms sustained downward momentum across both the daily and 4-hour timeframes.

‎AVAXUSD Key Levels

‎Support Levels: $15.80, $9.00
‎Resistance Levels: $24.30, $32.50

‎AVAXUSD Long-Term Trend: Bearish

‎Avalanche has entered a deeper bearish phase after reaching its peak in September 2025. The shift in momentum began when price broke below the ascending trendline support, triggering an aggressive selloff that drove the market swiftly through the $24.30 level in a single bearish candle. This structural break confirmed sellers’ dominance and paved the way for continued downside pressure.
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‎As price approached the $15.80 demand zone, bearish momentum temporarily weakened, leading to a series of minor lower lows. Recent price action still reflects a clear bearish structure, with AVAX forming a fresh lower low and gradually slipping beneath the $15.80 level. This sustained breakdown confirms ongoing weakness in the long-term outlook.
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‎However, traders should exercise caution. The daily Relative Strength Index is currently in oversold territory, signalling the possibility of a near-term bullish correction. In addition, unmitigated liquidity pockets and a bearish daily order block remain above current price, which may attract a retracement before the broader downtrend resumes.

‎AVAXUSD Medium-Term Trend: Bearish

‎The medium-term structure also aligns with the broader bearish outlook, with a new lower low confirming sustained downward pressure on both the daily and 4-hour timeframes. This continuation suggests that the daily bearish order block remains distant from being reclaimed.
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‎Despite the prevailing bearish structure, early signs of a potential retracement are emerging. The 4-hour Relative Strength Index shows gradually increasing momentum from oversold levels, indicating that buyers may be attempting a corrective move. Any such retracement is likely to be limited in scale, as a more significant daily pullback would require a clearer bullish shift and structural break on the 4-hour chart.
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