2026-01-09 21:21:26

AVAX's recent correction has been quite fierce, appearing to continue weakening after breaking support levels.

From the 1-hour chart, it reached 14.220 before losing momentum and then quickly plunged. The current price is stuck at 13.783, having broken through the MA5 (13.955), MA10 (13.854), and MA20 (13.879) support levels, indicating that the bulls are clearly losing strength. The RSI(6) is now at 42.447, which is in a neutral to slightly bearish range. The MACD red histogram is also narrowing, with DIF and DEA almost aligned (DIF=-0.015, DEA=-0.025), suggesting that market momentum is waning and there are clear signs of main players distributing.

For trading suggestions, at the 13.783 level, you can open a short position directly. Setting the stop-loss above the previous high of 14.220 would be more prudent. The first target below is 13.592 (the 24-hour low). If broken, then look further down to the previous low at 13.580.

For trend trading, hold firmly. Short-term traders can take profits gradually at support levels, but be cautious of main players pushing the price further down through breakdown patterns, testing key support levels.

AVAX-0,21%

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ZKSherlock

· 1h ago

actually... the real question here is whether these moving averages even mean anything without knowing the underlying data collection methodology? like, how are we defining "support" in a probabilistic sense rather than just pattern matching? ngl this reads like classic technical analysis theater—zero cryptographic rigor behind the price levels tbh

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MetaMaskVictim

· 8h ago

Again and again smashing? The main force is really ruthless this time, short at 13.783, stop loss at 14.220, betting on it to continue falling. Breaking through the triple support is indeed a bit timid, but the MACD is all close together, indicating that no one is really taking the other side. Hey wait, I feel there might still be a rebound, I don't dare to go all in. Can 13.592 hold? I think it's doubtful, it feels like it will drop straight to 13.5. This round of distribution is quite fierce, everyone, be careful of the main force smashing the market. The MA20 has been broken below, could there be another wave? Just take the operational advice as a reference, 13.783 is indeed a good short entry point. Short-term, take profits in batches, don't be greedy, these main players keep doing tricks.

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PumpDoctrine

· 01-09 21:51

Once again breaking the support to sell off, the main force played this move beautifully. I think 13.58 will break.

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On-ChainDiver

· 01-09 21:50

They're dumping again; the main force's tactics are really terrible.

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LayerZeroJunkie

· 01-09 21:44

Still dumping here, the main force is really playing it skillfully. After breaking the level, they keep pushing down. The 13.783 wave really has no support, it feels like it will drop further. I've already entered a short position, betting that 13.592 can break. AVAX has been so volatile this week, I no longer believe it will rise tomorrow or continue to fall. Speaking of which, all three support levels have been broken, which is a real danger signal. Be careful. I'll hold the trend position for another two days to try, anyway, I can't stand such a fierce short-term market.

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GamefiGreenie

· 01-09 21:38

Seeing someone empty AVAX again, this wave is indeed a bit crazy. All three supports have broken, and you're still trying to buy the dip? I think it's uncertain.

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InscriptionGriller

· 01-09 21:23

The main force's rhythm of smashing the market this wave is impeccable. Once the triple support is broken, it can never be pulled back. A typical leek harvesting machine is starting up. Breaking the level is just breaking the level, there's nothing to argue about. The RSI has dropped to neutral slightly bearish, yet you're still hoping for a rebound. Serves you right to get cut. MA5, MA10, MA20 lines all collapse. Isn't this the last warning from the main force before clearing out? Old buddy. Short positions should be opened when appropriate, and closed at 13.592. Don't be greedy and fight against the main force. This is the only rule to survive and exit. Holding trend orders is correct, but you must recognize that you're dancing on the edge of a death spiral. Don't say I didn't warn you. MACD is almost a straight line, still hoping for a comeback—what kind of miracle would that take? Short-term traders should exit in batches at support levels—that's the right way. Competing with the main force in endurance is pure suicide. Looking at this momentum, even the key support at 13.580 might not hold, and your pants are about to be pulled down.

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