Avalanche at a Breaking Point: Is AVAX About to Rebound or Slip Further?

Avalanche is once again sitting at a technical crossroads. After weeks of controlled downside pressure and repeated rejections from trendline resistance, price has drifted back into a key support region.

The broader structure still leans bearish, but the latest candles suggest the market is compressing into a decision zone.

At the time of writing, AVAX/USDT is trading around $9.03, hovering just above a level that has already been tested multiple times in recent sessions.

Structure Still Under Pressure

The price analysis, shared by crypto trader GainMuse, outlines a larger descending channel that has guided price lower since the early-year highs. Inside that broader structure, AVAX formed a compression pattern, a triangle, beneath a declining resistance line.

Instead of breaking upward, price rejected the resistance once again and rolled over, confirming that sellers remain in control of rallies.

Key technical elements from the chart include:

• A clearly defined descending resistance line
• A failed breakout attempt from the internal triangle
• Price rotating back toward the lower boundary of the channel

This sequence keeps the short-term bias cautious. However, the chart also maps a potential rebound scenario. If the lower support line continues to hold, AVAX could stage a recovery toward the projected target area above $11 USDT.

The entire setup now revolves around whether this support acts as a floor, or gives way.

Consolidation Near $9

Looking at the chart, the recent volatility becomes clearer.

AVAX experienced a sharp drop earlier in the month, briefly dipping into the mid-$8.50 range before bouncing. Since then, price has been fluctuating between roughly $8.90 and $9.60, forming lower highs on each recovery attempt.

Current structure shows:

• Immediate support near $9.00
• Overhead resistance clustered between $9.30 and $9.60
• Fading upside momentum on each push higher

Volume remains relatively steady, without a decisive spike that would signal strong accumulation. Until price reclaims the lower high structure and pushes above resistance with conviction, the market remains technically fragile.

A Technical Decision Zone

AVAX is not trending aggressively in either direction at this moment, it is compressing at support within a broader downtrend.

If buyers defend the $9 region and force a reclaim of the descending resistance, the move toward $10–$11 becomes structurally viable. But if the support line fails, the channel breakdown scenario opens the door for another leg lower.

In short, Avalanche is sitting exactly where markets tend to make meaningful decisions. The next move is unlikely to be subtle.

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