AVAXUSD Remains Under Pressure As Bearish Structure Dominates Daily Trend

  Market Analysis – January 8

AVAXUSD remains under pressure as bearish structure dominates daily trends. AVAXUSD is exhibiting a persistent bearish trend, with price trading below the declining short-term moving average near $13.80. This reflecting weak directional alignment.  Momentum indicators remain subdued, as MACD stays close to the zero line with limited bullish expansion, signaling that recent rebounds lack strong follow-through. Overall indicator behavior suggests corrective price action within a broader downtrend rather than a confirmed reversal.

AVAXUSD Key Levels

Resistance Levels: $17.30, $22.80
Support Levels: $12.50, $8.60

AVAXUSD Long-Term Trend: Bearish

From a technical price-action standpoint, the market continues to respect lower highs and lower lows following the sharp breakdown from the $22.80 resistance zone. Recent upside attempts have stalled below the $15.60–$16.00 supply area, where sellers have repeatedly re-entered the market. The inability to reclaim and hold above $17.30 reinforces this zone as a key technical ceiling, while downside pressure remains active below $14.50.

Looking ahead, the prevailing structure favors renewed downside continuation toward the $12.50 support level, with an extended bearish target near $8.60 if selling pressure accelerates. Any short-term pullbacks toward $15.60 are likely to be corrective and vulnerable to rejection. A sustained daily close above $17.30 would be required to neutralize the bearish outlook and shift bias toward consolidation or recovery.

AVAXUSD Short-Term Trend: Bearish

AVAXUSD shows weakening momentum after failing to sustain above the recent swing high on the four hour chart. Price is extended above the short term moving average which increases the risk of a corrective pullback.

The market structure suggests distribution as bullish candles lose strength near resistance. A bearish retracement toward the broken support zone is likely if selling pressure increases.

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