$AVAX Here is the short-term analysis for AVAX:
## **Current Market Status**
* **Trend:** **Bearish**. AVAX has dropped about 15% in the last 7 days and is trading well below its 50-day SMA ($12.74).
* **RSI (Relative Strength Index):** Around **27-28**. Anything below 30 is considered heavily oversold, suggesting that the selling momentum might be exhausted for now.
* **Fear & Greed Index:** Showing a score of **14 (Extreme Fear)**, indicating that most retail traders have already panicked and sold.
---
## **Technical Analysis (Short-Term)**
| Level Type | Price Target | Importance |
| --- | --- | --- |
| **Immediate Resistance** | **$10.90 - $11.20** | This was old support; it now acts as a wall. Breaking this is the first step to recovery. |
| **Major Resistance** | **$12.50** | A break above this level would signal a shift from "bearish" to "neutral." |
| **Immediate Support** | **$9.30 - $9.50** | This is the current "floor." If AVAX holds here, a relief rally to $11.50 is possible. |
| **Critical Floor** | **$8.75** | This is the 52-week low. Losing this would be very bad for the long-term structure. |
---
## **Key Drivers for AVAX**
1. **Avalanche9000 Upgrade:** The market is keeping an eye on the "Avalanche9000" impact. While the tech is strong (faster, cheaper L1s), the price hasn't reacted yet because liquidity is stuck in Bitcoin and larger assets.
2. **Institutional Sentiment:** Despite the price drop, Grayscale and other institutions are still focused on Avalanche for Real-World Asset (RWA) tokenization.
3. **Bitcoin Sensitivity:** On January 29, BTC crashed through $85,000, which dragged AVAX down. AVAX will likely remain "heavy" until Bitcoin stabilizes above $86k.
---
#GoldSilverRebound #VitalikSells #StrategyBTCPurchase #AISocialNetworkMoltbook #USCryptoMarketStructureBill