Avalanche Price Analysis: Will AVAX Break Below $18.45 Support?

• Avalanche (AVAX) is struggling to stay above $20, reflecting continued bearish momentum and rejection from recent highs.
• The price remains below key indicators like the Bollinger Band midline and 9-DEMA, signaling weak trend strength.
• Strong resistance is forming between $20.20 and $21.70, while support near $18.45 may be tested soon.
• Volatility is increasing, and a break below current support could lead to deeper losses if momentum doesn’t shift.

Avalanche (AVAX) is under intense selling pressure as the broader crypto market continues its downward trajectory. AVAX is trading at $19.65, reflecting a modest 1.23% intraday gain. However, the overall market trend remains bearish, with AVAX dropping significantly from recent highs and slipping below crucial support levels