‎AVAXUSD Extends Its Downtrend as Bearish Pressure Intensifies

‎AVAXUSD Market Analysis- November 22‎

‎Avalanche continues to face sustained selling pressure, with recent price action reinforcing a dominant bearish trend.

‎AVAXUSD Key Levels

‎Support Levels: $20.40, $12.70
‎Resistance Levels: $26.00, $36.30

‎AVAXUSD Long-Term Trend: Bearish

Avalanche continues to maintain a firm bearish outlook following its rejection at the $36.30 supply level, which triggered a decisive break of structure on the daily timeframe. This shift in market structure provided a clear bearish bias as price descended toward the $20.40 demand level, where another bearish continuation phase began to unfold.
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‎The downward movement has remained compact and persistent, with sellers breaching the $20.40 demand level without offering any meaningful relief rallies. Price has now approached the $12.70 demand zone with notable aggression, showing no signs of forming a temporary bullish structure.
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‎Even with price sitting deep in the daily RSI oversold region, buyers have not shown any strong response. Momentum remains bearish, and the daily Moving Average continues to signal downside pressure as price trades firmly below it—suggesting the bearish trend may persist until a clear reversal structure appears.

‎AVAXUSD Medium-Term Trend: Bearish

‎On the 4-hour timeframe, AVAXUSD continues to trade within a descending trend-line channel, further confirming the sustained bearish environment. Price has reached the $12.70 demand level, where an early hint of a short-term bullish pullback may emerge due to proximity to trend-line support.
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‎However, the broader structure remains bearish. The 4-hour Moving Average aligns with the selling momentum, reinforcing downside bias. Although price is reacting within a demand zone and nearing structural support, the overall conditions—including RSI behavior and trend-line alignment—still indicate an ongoing bearish trend unless buyers establish a stronger recovery pattern.
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