AVAX Technical Brief: Oversold RSI Nears Strong Support at $9.16 Amid Bearish MACD
AVAX/USDT
$88,476,274.73
$6.688 / $6.48
Change: $0.2080 (3.21%)
+0.0031%
Longs pay
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.
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
Add COINOTAG as a Preferred Source
Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.
Add on GoogleRelated Tags
AI-generated, AI-reviewed, under COINOTAG editorial oversight.
Comments
More From COINOTAG
JPYC Tapped by AZ-COM Maruwa to Pay 2,300 Logistics Partners
July 20, 2026 at 02:26 AM UTC
Grayscale Names Avalanche (AVAX) Among 5 Blockchains Set to Gain From Tokenized Stocks
July 10, 2026 at 10:10 PM UTC
NEC Signs MOU With Ava Labs to Build Face-Recognition AVAX Payments
July 10, 2026 at 03:22 PM UTC