The price of Avalanche (AVAXUSD) rose in its last intraday trading, attempting to recover some of its previous losses, supported by the emergence of the positive signals on the (RSI), until it entered overbought levels, which suggest the beginning of forming a negative divergence, especially with the emergence of negative overlapping signals, suggesting the return of the selling momentum around the price, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line.

Therefore, our expectations suggest a decline in the (AVAXUSD) price in its upcoming trading, if the resistance settles at $18.43, to target the support level at $14.25.

Todays forecast: Bearish