AVAXUSD Market Overview: August 26, 2025

• Price action showed a 4.29% decline with bearish momentum after sharp intraday sell-offs.
• Volume surged during key selloffs but faded in the final hours, signaling potential exhaustion.
• Key support tested at $23.20 with potential for short-term bounce, but bears appear in control.
• RSI dipped into oversold territory, hinting at near-term consolidation but not a reversal.
• Bollinger Band contraction suggests a possible breakout ahead, depending on liquidity.

Avalanche (AVAXUSD) opened at $24.40 at 12:00 ET–1 and closed at $23.20 by 12:00 ET. The 24-hour range was $24.40 to $23.20, with a total volume of 300.22 AVAX and a turnover of $7,351.95 USD. Price action revealed a bearish bias, with sharp intraday declines dominating the session.

Structure & Formations

Price moved in a broad descending channel, with a key bearish breakdown occurring around $23.85–$23.70. After a brief rebound attempt, sellers reasserted control, pulling price down to the session low of $23.20. A large bearish engulfing pattern formed around $24.04–$23.9, followed by a series of consolidation candles near the $23.45–$23.31 range. A potential support zone emerged at $23.20–$23.26, where the price spent the final hours of the session.

Moving Averages

On the 15-minute chart, the 20SMA crossed below the 50SMA in the latter half of the session, reinforcing bearish momentum. The 50/100/200 daily averages (not plotted in this dataset) would likely remain bearish if this trend continues. Price closed below the 20SMA, indicating short-term bearish alignment.

MACD & RSI

The MACD turned negative and remained below the signal line for most of the session, confirming bearish momentum. The RSI dipped below 30 by the end, entering oversold territory, but this does not guarantee an immediate bounce. Sustained buying pressure would be needed to reverse the trend.

Bollinger Bands

Volatility remained relatively high, with Bollinger Bands widening as price approached the session low. Price ended the session near the lower band, suggesting potential for a near-term bounce. However, a sustained move above $23.45 may be needed to signal a shift in sentiment.

Volume & Turnover

Volume surged during the key selloffs in the 19:30–20:15 ET timeframe, with a turnover spike of $2,269.85 USD during the $24.04–$23.45 collapse. However, volume dried up during the final hours, suggesting exhaustion among sellers. Price and turnover aligned during the key decline, but diverged in the final hours, with little volume behind the $23.20 close.

Fibonacci Retracements

Applying a Fibonacci grid to the recent swing from $24.40 to $23.20 revealed that price found temporary support at the 61.8% level (~$23.45) before breaking through and finding a floor near $23.20. A retest of $23.26 could see further consolidation, while a break below this level may bring the next target at $22.86.

Avalanche appears to be in a consolidation phase after a sharp selloff, with key support at $23.20–$23.26 offering near-term stability. However, bears may continue to test this level for confirmation of a longer-term breakdown. Investors should watch for volume surges or a retest above $23.45, but remain cautious of further downside risk in the next 24 hours.