As part of #SocialMining conversations centered on market psychology and liquidity behavior, $AVAX is frequently cited when discussing how momentum shifts after major resistance failures. Analysts following @Avalanche_CN emphasize that Avalanche’s inability to sustain above 26.99 USD marked a decisive turning point in its broader trend.
After topping near the mid-30s, $AVAX entered a distribution phase characterized by volatile rejections and weakening buyer response. The loss of the 26–27 USD support zone confirmed a structural breakdown, leading to a rapid sell-off that erased multiple weeks of price discovery. This move aligned with broader risk-off conditions across the crypto market.
Currently, AVAX is trading within the 13–14 USD range, hovering just above a historically reactive demand area around 12.6 USD. Price compression in this zone suggests indecision rather than strength. While selling momentum has slowed, the absence of strong bullish expansion indicates that buyers are still cautious.
From a technical standpoint, the market remains bearish until proven otherwise. A sustained recovery would require price to reclaim 16 USD and establish higher daily closes, followed by a challenge of 20 USD, where previous support has flipped into resistance. Until then, rallies may be corrective rather than trend-changing.
For participants engaged in Social Mining, this environment reinforces a disciplined approach: observing how price behaves around clearly defined levels, tracking volume response, and contextualizing moves within the broader market narrative. AVAX’s structure currently reflects a market still searching for equilibrium rather than preparing for immediate continuation.
