Avalanche Price Tests Key Support As Bearish Momentum Persists (Technical Analysis)

Summary AVAX trades below clustered EMA resistance between $30.30–$30.40, maintaining a bearish ￰0￱ showed +$2.10M inflows, indicating a temporary pause in aggressive ￰1￱ Bitcoin dominance above 58% continues to pressure altcoins, including ￰2￱ Ashutosh Sureka Avalanche (AVAX-USD) is currently trading at $28.39, down 1.7% over the last 24 hours as altcoin weakness deepens amid rising Bitcoin ￰3￱ token is moving within a $27.92–$30.02 intraday range, reflecting indecision after consecutive sell ￰4￱ cap stands at $11.98B, with a fully diluted valuation of $12.99B and 24-hour trading volume above $1B, signaling heightened speculative ￰5￱ open interest remains elevated at $1.51B, indicating significant leveraged positioning despite soft price ￰6￱ picture AVAX remains under pressure below all key EMA ￰7￱ 20 EMA, 50 EMA, 100 EMA, and 200 EMA are tightly clustered between $30.30–$30.40, forming a strong resistance ￰8￱ has failed to reclaim these levels following its rejection near $33 in late ￰9￱ readings have continued to deteriorate, signaling persistent distribution since the start of the ￰10￱ price dynamics () Price currently sits near the $28 support zone, which has served as a short-term accumulation area in previous pullbacks.

A clean daily close below this level could expose $26.50, while a decisive move above $30.40 would be required to break the current bearish structure and trigger a broader ￰11￱ positioning and outlook On-chain flows show a mild improvement, with +$2.10M net inflows, breaking the streak of sharp outflows seen in late September and early ￰12￱ suggests some traders are stepping back from aggressive selling, though it remains unclear whether this represents accumulation or a temporary pause. Sector-wide dynamics are weighing ￰13￱ ETF inflows have accelerated, driving BTC dominance above 58%, which historically coincides with altcoin consolidation phases when macro liquidity is ￰14￱ positioning remains elevated, and softening funding rates point to traders unwinding leverage amid these dominance ￰15￱ near-term weakness, Avalanche’s ecosystem remains fundamentally active, with continued real-world asset integrations and institutional partnerships providing a long-term bullish backdrop.

However, current price dynamics are being driven more by market structure and technical resistance than by fundamentals. Short-term outlook The $28 support level is now a key ￰16￱ this zone could allow AVAX to consolidate and attempt a recovery toward $30.40, which remains the primary resistance pivot. A breakdown below $28 would likely trigger stops and expose $26.50, the next significant support ￰17￱ earlier analysis, the $30.40 EMA cluster was highlighted as the crucial resistance ￰18￱ remains unchanged, with price action now gravitating toward testing the lower boundary of its consolidation ￰19￱ material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our ￰20￱ we adhere to strict Editorial Integrity , this post may contain references to products from our ￰21￱ Post