AVAX technical analysis don dey more bearish: $8.98 support vs $9.12 resistance and BTC-$68.15k link
AVAX technical analysis dey show price around $9.03, e dey extend downtrend and e never fit regain short-term strength. AVAX still under EMA20 (near $9.45) with RSI for low-40s and Supertrend dey point down. Near-term pivot range na about $8.98–$9.58.
Traders dey watch one key buy/liquidity zone for $8.9833, wey EMA50 (~$8.95) and recent swing lows dey support. If AVAX technical analysis show say e break below $8.98, downside plan dey target $8.69, and longer-view invalidation dey noted under $8.80.
For upside, $9.1234 na the closest supply area. For more bullish reversal, e need clean reclaim above $9.12, first aiming $9.47 before higher resistance near $10.38 (Supertrend resistance around $10.54).
Bitcoin still be main catalyst. AVAX get high BTC correlation (~0.85). If BTC lose support near $68.15k, AVAX fit drift back to test $8.98 and fit go lower. Conversely, if BTC hold and AVAX break $9.12 with volume, short-squeeze fit happen.
Bearish
Both articles dem frame di move as bearish-to-neutral, but di later update dey more defensive: AVAX dey below key short-term averages (EMA20 near $9.45), RSI still weak for di low-40s, and Supertrend remain down. Di actionable structure center around $8.98–$9.12. If e break down under $8.98 (and especially below $8.80) e go raise di odds say price fit fall toward $8.69 and maybe even lower, while bullish confirmation need clean reclaim above $9.12 with volume. Since AVAX link tight to BTC (correlation ~0.85) and BTC support around $68.15k na di swing factor, any BTC weakness likely go accelerate AVAX selling pressure, keep di near-term bias bearish.