Why the MountainBears are Growling
The "Mountains of Avalanche" is looking shaky.
Avalanche by name.
Avalanche by nature?
While the bulls are trying to hold the line, the chart is printing a Head and Shoulders pattern that looks like a final warning for Q1 2026 before breakdown (maybe q2)
Negative Momentum: The MACD histogram on longer timeframes is showing weak momentum, and the RSI is hovering in a neutral-to-bearish zone near 38–42, suggesting sellers are slowly taking control.
Institutional Caution: Despite ETF rumors earlier in the month, the current market structure favors caution over aggressive long positions until major resistance at $16.55 is cleared.
Supply Hangover: A massive token unlock (9.5 million AVAX) is on the horizon, which could dump $240 million of fresh supply onto an already shaky market.
#AVAX #Avalanche #HeadAndShoulders #CryptoWarning #TechnicalAnalysis
The "Mountains of Avalanche" is looking shaky.
Avalanche by name.
Avalanche by nature?
While the bulls are trying to hold the line, the chart is printing a Head and Shoulders pattern that looks like a final warning for Q1 2026 before breakdown (maybe q2)
Negative Momentum: The MACD histogram on longer timeframes is showing weak momentum, and the RSI is hovering in a neutral-to-bearish zone near 38–42, suggesting sellers are slowly taking control.
Institutional Caution: Despite ETF rumors earlier in the month, the current market structure favors caution over aggressive long positions until major resistance at $16.55 is cleared.
Supply Hangover: A massive token unlock (9.5 million AVAX) is on the horizon, which could dump $240 million of fresh supply onto an already shaky market.
#AVAX #Avalanche #HeadAndShoulders #CryptoWarning #TechnicalAnalysis
Note
#AVAXthe next test of the neckline will be very interesting ...
Trade active
Unable to reclaim the neckline price level... Aka Bearish Backtest.
for #AVAX
The #crypto bearmarket is not over...
#ETH #BTC
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.