Published: Dec 01, 2025 at 09:50
Avalanche (AVAX) has fallen below its bottom price, reaching a low of $12.46.
Avalanche price long-term analysis: bearish
The cryptocurrency attempted an upward correction but was halted by the 21-day SMA. The altcoin has resumed its downward trend, with current support at $12.46. If AVAX declines and remains above this support, it will likely trade within a range above the current support but below the recent high.
However, if the present support is breached, the asset will continue its downward movement, potentially falling back to its October 10 price level of $9.65. Meanwhile, the asset is moving downward towards the bottom of the chart. AVAX is currently at $14.53.
Technical Indicators:
AVAX price indicator analysis
The price is trending downward, forming lower highs and lows below the moving averages. Today, the altcoin is declining after being rejected at the 21-day SMA. Doji candlesticks indicate indecision, causing price fluctuations to remain limited. On the 4-hour chart, the moving average lines are sloping upwards, but the price bars remain below them.
What is the next move for AVAX?
AVAX is currently range-bound, trading above the $12.50 support and below the $15.50 resistance. The price is falling after encountering resistance at $15.50 and is now positioned between the moving average lines on the 4-hour chart. The price is likely to remain trapped between these moving averages for several days.
Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.