BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

AVAX Struggles at Support: Will Buyers Step In or Another Drop Ahead?

by Matoy
March 9, 2025
in CRYPTO, DEFI, FINANCE, INVESTING, OPINION
Reading Time: 3 mins read
A A
9
SHARES
158
VIEWS
Share on XShare in TelegramShare on Reddit
  • AVAX is testing a critical support zone, but momentum remains weak.
  • Fibonacci retracement levels suggest a possible bounce, but resistance is piling up.
  • A break below $18 could open the door for deeper losses in the coming weeks.

Avalanche (AVAX) has been in a steady downtrend, with sellers maintaining control as price struggles to find solid footing. Recent attempts at recovery have been short-lived, with each bounce facing rejection at lower highs. This kind of movement signals a lack of strong buying pressure, leaving AVAX vulnerable to another leg down.

At the moment, AVAX is hovering around a crucial support zone near $18-$19. If this level holds, it could provide a foundation for a short-term rebound, but buyers would need to step up aggressively. Otherwise, a clean break below this area could send the price tumbling toward the next major support at $15-$16.

Manifesting a double bottom W on $AVAX pic.twitter.com/cV2ioVTQmD

— Neothon 🐉🔺 (@0xNeothon) March 9, 2025

Avalanche Price Action Hints at More Downside

When checking out the TradingView chart, AVAX is flirting with the 78.6% retracement of its previous major rally. Historically, this level tends to act as either a deep correction point or the last stop before another big drop. If bulls manage to defend this area, a relief rally toward $22-$24 could be in play.

The Bollinger Bands are also indicating heightened volatility, as they’ve started to expand after a period of tight consolidation. Typically, this suggests an incoming strong move, but the direction remains uncertain. A break above the midline of the bands could be a signal that momentum is shifting in favor of the bulls.

TradingView

What’s Next for AVAX?

For now, the key focus is whether AVAX can hold its support near $18-$19. If this level holds and buyers step in, we might see a short-term rally toward $22 or even $25 if momentum builds. However, without a strong recovery, the risk of breaking lower remains on the table.

If sellers continue to dominate and push AVAX below $18, a move toward $15 becomes increasingly likely. This level has historical significance, making it an area where buyers could attempt to slow the decline.

Avalanche was launched in 2020 by Ava Labs as a high-speed blockchain designed for decentralized applications and custom blockchain deployments. It has gained traction due to its scalability and low fees, but like many cryptocurrencies, it remains vulnerable to broader market sentiment.

The next few days will be crucial in determining whether AVAX can stabilize or if another round of selling pressure is on the horizon.

Tags: AvalancheAVAX
Tweet2ShareShare
Previous Post

BNB at a Critical Zone: Can It Hold or Will Bears Take Control?

Next Post

Dogecoin Dips Below Key Levels: Is a Reversal or Further Decline Ahead?

DON'T MISS THESE! HOT OFF THE PRESS

Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules
CRYPTO

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit
FINANCE

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out
FINANCE

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody
FINANCE

Deutsche Bank Eyes 2026 Launch for Bitcoin and Ethereum Custody

July 1, 2025
Load More

Related News

Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
SEC Plans Shortcut for Crypto ETFs With New Listing Rules

SEC Plans Shortcut for Crypto ETFs With New Listing Rules

July 1, 2025
Donald Trump Threatens Elon Musk with DOGE Audit

Donald Trump Threatens Elon Musk with DOGE Audit

July 1, 2025
Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

Jerome Powell Says July May be Too Early for Rate Cuts, But Doesn’t Rule it Out

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.