Avalanche AVAX technical analysis

AVAX trades at $7.92, down 2.31% in 24 hours, with the 4h RSI at 58 and price below the 4h SMA20 of 7.9158, showing mild momentum loss despite a daily RSI of 61. The 4h structure remains supported by a rising trendline near 7.86588, which has three touches.

Price is squeezed between the 4h support zone of 7.81815-7.84185 (one touch) and resistance at 8.06015-8.08385 (one touch). Below, 7.72565-7.74935 and 7.649-7.676 each hold two touches; above, 8.18765-8.21135 has two touches, with the daily falling trendline at 8.18537.

Bulls need to reclaim the 4h SMA20 of 7.9158 and clear 8.06015-8.08385 to test 8.18765-8.21135. Bears must break 7.86588 and close under 7.81815-7.84185, targeting 7.72565-7.74935, then the daily SMA20 of 7.52865.