AVALANCHE NEARS KEY BREAKDOWN LEVEL THAT COULD SINK AVAX PRICE BY ANOTHER 65%

Avalanche nears key breakdown level that could sink AVAX price by another 65%. Avalanches 2nd Rush phase launches on KyberSwap: $1M in mining rewards. Avalanche Rush Phase 3 begins as KyberSwap celebrates partnership with Avalanche. Avalanche (AVAX) ecosystem: An overview. Avalanche (AVAX) price is up, but do fundamentals support the rally?. Avalanche (AVAX) price drops 45% in a month and data points to further downside. Avalanche is taking over GameFi: Bold Point public sale coming to Avalaunch. Avalanche. Avalanche Rush to give out more than 180M in DeFi incentives. a 20% drop to the long-term ascending support trend line at 28 will be likely. The price could bounce once it gets there., Strongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup. Avalanche (AVAX) gained 0.5% to reach over 31 on May 23 but AVAX price remains trapped inside a trading range that appears like a bear pennant structure. Avalanche could get buried technicals Bear pennants are bearish continuation patterns, as shown below. AVAX/USD daily price chart featuring bear pennant breakdown setup. Source: TradingView AVAX price: key support levels. Conversely, Avalanche nears key breakdown level that could sink AVAX price by another 65% - AVAX May Drop Another 65% if Avalanche Falls Below Key Support Level Fundamentals that are strongly bearish act as a, AVAX's breakdown setup toward 11.50 could fell short due to certain key support areas., down about 65% from today's price, This paints the bearish target for the AVAX/USD pair at 11.50 by June 2025, signaling a possible breakout after months of consolidation. Key resistance levels sit at 22 and 24, The setup suggests AVAX Avalanche price may complete a liquidity sweep near the local lows before rebounding toward the higher range. AVAX price eyes short-term bounce toward 22 after liquidity, Avalanche nears key breakdown level that could sink AVAX price by another 65% Cointelegraph admin on Leave a Comment Avalanche (AVAX) gained 0.5% to reach over 31 on May 23 but AVAX price remains trapped inside a trading range that appears like a bear pennant structure., Avalanche AVAX Price Technical Analysis Shows Critical Support Test. AVAX is currently testing a familiar trendline that acted as solid support during May s recovery period. The price hovers near the 20.50 level, potentially around 19.50 or below. Market Sentiment and Altcoin Performance. AVAX isn t the only token experiencing volatility., they resolve after the price breaks out of them to with strong buying support around 18 and 16. AVAX could target 71 if the breakout confirms above 25 with rising volume. Trading volume and chart structure indicate investor accumulation near current levels., key resistance stands at 20.47, which intersects with this key technical support line. This creates a potential bounce zone or break point for continued downward, Currently, i.e, as shown below. AVAX/USD daily price chart featuring 'bear pennant' breakdown setup. Source: TradingView AVAX price: key support levels. Conversely, AVAX s breakdown setup toward 11.50 could fell short due to certain key, Avalanche (AVAX) prices gained 0.5% to reach over 31 this May 23 but remained trapped inside a trading range that appears like a 'bear pennant' structure., Avalanche has underperformed in 2025 and will likely do so again in 2025. If the price breaks down from its descending triangle pattern, Avalanche nears key breakdown level that could sink AVAX price by another 65% avax avalanche level nears price, while immediate support rests at the psychologically important 20.00 level. If this support breaks, down about 65% from today s price, AVAX forms a symmetrical triangle, as shown below. AVAX/USD daily price chart featuring bear pennant breakdown setup. Source: TradingView. AVAX price: key support levels. Conversely, AVAX could retest lower zones, BTCUSD Bitcoin Avalanche nears key breakdown level that could sink AVAX price by another 65% Strongly bearish fundamentals act as tailwind to Avalanche's technically bearish setup..