AVAX key levels — $9.16 crucial support; $10.52/$11.71 resistance targets (Feb 1, 2026)
AVAX (Avalanche) technical outlook for Feb 1, 2026: AVAX is in a short-term downtrend trading around $10–$11.64 (site shows $11.64 live, analysis price $10.17), with a critical primary support at $9.16 and secondary support near $10.12. Key resistance levels: $10.52 (near-term), $11.71 (EMA20/weekly pivot), and a longer-term target at $16.54. Indicators: RSI is oversold (~28–35 depending on timeframe), volume declining on drops, and market structure points to likely liquidity hunts around $9.16 and buy-stops above $10.52. On-chain/CEX flow signals show whale accumulation at the $9.16 zone (approx. 15% net inflow in 48h). Correlation with Bitcoin is noted (BTC downtrend; key BTC supports $75,740/$64,655, resistances $80,357/$83,504); if BTC breaks lower, AVAX could fall to $5.91. Trading plan: range trade $10.12–$10.52 while waiting for RSI >35 for a bounce; hold above $9.16 to target $10.52–$11.71 (R/R examples given); breakdown under $9.16 opens a deeper decline to $5.91. Analyst warns this is market-structure-based analysis, not investment advice and recommends strict risk management (small stops, limited position size).
Bearish
The analysis signals a bearish near-term outlook. Price is in a downtrend and below key moving averages (EMA20), RSI is oversold but structure shows potential for further downside if critical support at $9.16 fails. Decreasing volume on declines suggests exhausted retail momentum but not yet confirmed reversal; smart money appears to be accumulating at $9.16 which can produce short squeezes to $10.52, yet that would be corrective rather than trend-reversal. Correlation with Bitcoin increases downside risk: if BTC breaks key supports, AVAX could cascade toward the $5.91 target. Historically, altcoins showing similar patterns (oversold RSI, lower highs, accumulation at a low-volume support) produced short-term bounces followed by resumed declines when macro/BTC momentum remained bearish. Therefore, expect choppy range trades and occasional squeezes higher, but the dominant bias stays bearish until price sustains above $11.71/EMA20 and BTC stabilizes. Short-term traders should prefer defined risk range trades; longer-term holders should wait for confirmed trend change or accumulation confirmation on higher timeframe volume and BTC recovery.