Avalanche Breaks Key Support as Downside Structure Reasserts Control
- Price Downtrend: Avalanche (AVAX) is currently trading around $10.95 after decisively breaking below a long-defended support zone, indicating a shift to a vulnerable market structure where sellers regain control, potentially leading to further downside pressure.
- Short-Term Price Action: On the 4-hour chart, AVAX sharply rolled over after failing to hold above the $11.30-$11.50 region, with a significant increase in sell-side volume indicating aggressive selling, and the price now hovers around $10.90-$11.00, acting as immediate resistance.
- Higher-Timeframe Structure: AVAX has broken below a rising support line, confirming a bearish structure, with the price trading beneath both dynamic and static support, suggesting that sellers maintain control and the next target zone is aligned with $10.20-$10.40.
- Risk Scenario Analysis: If AVAX fails to reclaim above $11.00 and stays below $10.70, it will confirm continued structural weakness, increasing downside risk, necessitating careful risk management in response to market volatility.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36429.06 | 48214.53 | 61164.81 | 72950.28 | 85900.56 | 97686.03 | 110636.31 |
| Fibonacci | 48214.53 | 57663.586 | 63501.224 | 72950.28 | 82399.337 | 88236.973 | 97686.03 |
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