AVAX Breakdown Looms After $26.50 Rejection — Is $16 Next?

Avalanche has once again failed to break the $26.50 resistance level, reinforcing its ongoing bearish channel. The token is now trading at about $23.88 following several rejections since March 2025.

Technical patterns indicate that there is still a high downside risk with lower highs still being created throughout the chart. In case the pressure continues, AVAX may test $22 support once again and then decline to $21.

Deeper Downside Levels Could Be Tested

Any breakdown below the $21 level is likely to accelerate losses to the $19-$18 range. Nevertheless, the most vital support is still closer to $16. This level was a key rebound zone in the past years and in 2025 may serve as a last line of defence.