- Avalanche price shows signs of bottoming out near the critical demand zone.
- Market fear affects broader sentiment, impacting AVAX’s price momentum.
- A break above $20 could trigger bullish momentum toward $25.
The AVAX blockchain (Avalanche) has experienced intense price downturns over the late few periods. The price exhibited a moderate recovery before a substantial 10% decline occurred throughout the past week because of general market devaluation.
Avalanche Price Hovers Below $20 After Market Corrections
The AVAX market encountered substantial resistance from its essential support point at $20. The current market sentiment remains negative which restrains the potential for a strong upward price movement even though sellers have shown some reduction in intensity.
The reduced market capitalization of $200 billion has driven the entire crypto market down. During the current period the total crypto marketplace measured $2.49 trillion indicating a 1.7% reduction from the previous four hours.
General market conditions remain unstable despite AVAX touching a volume of $779.59 million. The market continues showing negative sentiment about the future economic downturn caused by the April 9 trade tariffs.
AVAX struggles to revive its $20 support mark despite investor caution as Bitcoin falls below $77K and Ethereum and Solana lose more than 14% value.
The current market fear is extreme as the Fear & Greed Index currently reveals a 23 rating. The crypto sector maintains substantial market unpredictability and notable volatility.
AVAX Price Showing Signs of Trend Reversal
The crypto analyst tweeted that AVAX demonstrated positive indications of its price bottoming pattern near an important demand area. Based on present market signals an extended period of adverse market forces seems likely to give way to a potential trend reversal. The stabilizing price pattern reflects analysis-based evidence of upcoming positive price breakout patterns.
The market observer highlighted it as an essential area to accumulate assets during a pending upward movement. Investors monitor market strength indicators because price actions show signs of stabilizing although analysts believe a market shift is coming soon. This overview predicted a continuous rise in the $AVAX price.
AVAX Price Analysis: Potential for Rebound as Support Holds at $15
The AVAX token has reached $16.93 with a current 5% market growth rate at this particular time. Recent market values show a strong recovery following previous declines creating substantial changes in the market direction.
Avalanche price demonstrates momentum by returning to match the $15 support zone after which it meets notable resistance at $20.
Bullish momentum will surge past $16 resistance to aim at reaching $25 but the price may retest to $15 if it does not maintain support above $16.
The bearish crossover in the MACD (Moving Average Convergence Divergence) indicator indicates a potential upcoming downward market force. The histogram shows negative upward momentum because the MACD line stands at -0.26 and the signal line at -0.73 indicating the market requires careful analysis.
Source: TradingView
The RSI shows AVAX at level 38 which demonstrates the cryptocurrency moving close to its oversold area thus providing potential investable conditions after reaching 40.
