AVAX Technical Brief: Oversold RSI Nears Strong Support at $9.16 Amid Bearish MACD
AVAX/USDT
$241,764,744.93
$8.97 / $8.33
Change: $0.6400 (7.68%)
+0.0046%
Longs pay
Contents
Technical Status
AVAX trades at $10.04, down 1.18% in 24h, confirming a downtrend with price below EMA20 ($11.58), EMA50 ($12.73), and EMA200 ($19.72). Supertrend remains bearish, aligning with BTC's downtrend (price $78,040, -0.30%). Bollinger Bands position in lower half NEAR lower band $9.50 signals potential bounce or further downside.
Key Levels
| Level | Price | Score | Distance |
|---|---|---|---|
| Strong Support S1 | $9.16 | 76/100 ⭐ | -8.76% |
| Strong Support S2 | $9.92 | 62/100 ⭐ | -1.16% |
| Strong Resistance R1 | $10.13 | 69/100 ⭐ | +0.90% |
| Strong Resistance R2 | $16.54 | 62/100 ⭐ | +64.73% |
| Pivot Point | $10.07 | - | -0.30% |
Multi-timeframe confluences highlight $9.16 (1D/1W) and $10.13 (1D) as critical S/R. Fibonacci downtrend: 0.0 at $9.16, 0.618 at $16.54.
Indicator Check
- RSI(14): 29.01 (oversold, watch for bullish divergence)
- MACD: -0.84 line vs -0.63 signal (bearish histogram expanding)
- Stochastic: 24.65/23.82 (oversold)
- ATR: 0.71 suggests 7% daily swings
Trading View
Bearish bias persists below R1 $10.13; defend $9.92 S2 or target crash $5.91. Oversold RSI/Stoch favor dip-buy at $9.16 S1 (Fibo 0.0, Donchian low). Upside moon targets $13.97/$14.23 on R1 break. Caution: BTC Supertrend bearish pressures alts. Short-term: Fade rallies to $10.13; long setups at supports.