AVAXUSD Extends Bearish Momentum: Price Action Hints at Deeper Decline Toward Key Support

‎AVAXUSD Market Analysis – June 12

‎Avalanche (AVAXUSD) continues to extend its bearish momentum, as recent price action and structural shifts point toward a deeper decline toward key support levels, notably the $14.70 zone.

‎AVAXUSD Key Levels

‎Support Levels: 14.70, $9.40
‎Resistance Levels: $22.80, $27.10

‎AVAXUSD Long-Term Trend: Bearish

‎Avalanche (AVAXUSD) has been in a sustained bearish trend since late 2024, with the decline continuing into the first half of 2025. Recent price action confirms that bearish momentum remains dominant, with structure continuing to form lower highs and lower lows — a classic signal of continued downside pressure.
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‎In early March 2025, AVAXUSD saw a notable bullish retracement from a key trendline support. This move marked the most significant relief rally since the broader downtrend began. However, the rally primarily served as a liquidity grab, offering sellers an opportunity to re-enter the market at higher prices.
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‎Following that bullish retracement, price broke below structure on the daily timeframe, signaling the beginning of a new bearish leg. Currently, AVAXUSD is moving away from a daily bearish order block, reinforcing expectations of further downside. Price is projected to breach the $14.70 level as it moves toward a confluence of support near the trendline.

‎AVAXUSD Medium-Term Trend: Bearish

‎The medium-term outlook remains bearish as price continues to reject from a higher-timeframe resistance zone. Although the 4-hour structure hasn’t fully transitioned bearish — with the recent low yet to be completely invalidated — the current leg suggests increasing downside pressure.
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‎As AVAXUSD leaves the daily bearish order block, further weakness is expected. Minor bullish retracements may occur, especially if the trendline temporarily supports price. However, unless there’s a significant shift in market structure, the prevailing sentiment remains firmly bearish.

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