⚠️ AVAX Price Risks 25% Crash Following Bearish Signal Confirmation
⚠️ Bearish Signal Suggests 25% AVAX Crash
AVAX confirmed a bearish signal, raising concerns of a 25% decline. Currently, AVAX is trading at $23.35, up 2.8% in the last 24 hours. However, technical analysis shows a potential drop to $17.5, sparking fears of further downside.
📉 Fisher Transform Indicator Turns Bearish
The Fisher Transform Indicator has turned bearish, suggesting a sharp drop in AVAX price. After recent volatility and a liquidity sweep at $34, AVAX is now testing critical support at $24.80, with analysts closely watching for the next move.
📊 Technical Analysis Shows Potential Crash
AVAX is trading below its 200-day SMA of $26.81, a bearish sign. The RSI is at 37.54, near the oversold zone. A drop below 30 could signal further downside, with prices potentially crashing to $17.5.
🚀 Potential for a Bullish Rebound
Some analysts see hope for a rebound if AVAX breaks above $28, which could trigger a rally toward $40. Traders are advised to watch support at $24.80 and resistance at $28 closely, as these levels will determine the next move for AVAX.