Avalanche (AVAX) is trading under pressure as its price movement has continued to be near its support levels. The asset is experiencing continued selling interest. AVAX is currently trading at $9.11, according to CoinMarketCap data. The price has declined by 5.48% in the last 24 hours. The trading volume has risen by 7.42%. The market capitalization is currently at $3.93 billion and has declined by 5.57%.

AVAX Triangle Signals Upside Potential

A prominent analyst, Jonathan Carter, highlighted that AVAX is rising from the lower end of a descending triangle formation. The pattern is visible on the price chart’s weekly timeframe. The support levels have been strong since 2021.

The long-term setup is still favorable despite the price decline. Carter emphasized that this triangle formation could be beneficial for price appreciation in the future. The analyst identified targets at $13, $17, $30, $40, $55, $85, and $120. However, this will depend on the strength of support levels.

According to CoinLore data, the level of $8.69 has acted as a short-term support level. This level has seen the price of the coin react in the past few sessions. However, the level of $10.38 has acted as immediate resistance. 

Further resistance levels are seen at $12.24 and $14.64. These are the points at which the price has reacted in the past. A strong movement past these points can change the direction of the markets.

Also Read: Avalanche (AVAX) Could Rally to $120 as Ecosystem Growth Accelerates

Derivatives Show Weak Demand and Long Pressure

CoinGlass data shows that the open interest has fallen by 6.51% to $355.72 million. The trading volume has gone down by 2.08% to the current level of $460.69 million. The OI-weighted funding rate is currently at 0.0003%.

The liquidation figure also shows that the market is imbalanced. The total liquidations in the last 24 hours have been $557.64K. Long liquidations have been higher at $533.72K. Short liquidations have been lower at $23.93K.

RSI and MACD Indicate Weak Momentum

According to TradingView data, the RSI figure shows that the price has weakened. The Relative Strength Index for AVAX is 44.19. Its moving average is close to 52.34. This shows that the price is in a neutral to slightly bearish zone.

The MACD data also reflects that there is not much strength in the trend direction. The MACD line is at -0.04, and the signal line is at -0.01. The histogram is reading at 0.03. This setup reflects fading momentum and possible consolidation.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: XRP Down 50% Since Q4 2025, Eyes $0.87-$1.09 Range