2026-01-09 11:28:47

AVAX has completed a clear double-top pattern around $31.5 and has entered a sustained downtrend channel. From a technical perspective, this asset is currently in a strong bearish phase, with trading volume supporting this downward trend.

In the short term, keep an eye on the $12 support zone, which could be a key level before a rebound. The current situation is quite clear — the bears still hold the power, and there is room for further decline. Market participants should be prepared for additional downside and closely monitor changes in trading volume and the breach of support levels.

AVAX0,72%

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MoonRocketman

· 01-09 11:58

The double top pattern crashes straight down to $12. I’ve calculated the track angle coefficient, and the escape velocity from the downward channel hasn't reached the bottom yet. --- The trading volume buddy has been continuously fueling, and the bearish entry window has just opened. Don’t expect a rebound. --- If the $12 support level is broken, we will need to recalculate the gravity resistance level. Now is still a good time to hold coins and observe. --- The RSI is already pressed against the lower band. This adjustment doesn’t seem like a rebound, but more like a re-alignment before a major downward move. --- The Bollinger Bands have been broken through. I think this round of decline is the real countdown to launch. Let’s wait and see if there’s a miracle. --- To be honest, AVAX has been quite aggressive this round. The trading volume is cooperating so well that $12 really seems to be the last refueling point.

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just_another_wallet

· 01-09 11:56

Double top drops, $12 is in sight, anyway it has already fallen below this level --- Breaking $31.5, no suspense left, the bears really treat AVAX as an ATM --- Trading volume is still crashing, it feels like $12 might not even be the bottom --- Another double top and a downward channel, well, we're in trouble --- Pay attention to $12, it’s not that useful; the key is when the bears get tired --- Persistent downtrend? That phrase sounds endless --- For the sisters waiting to buy the dip, you might have to wait a bit longer --- Support levels are being broken one after another, this rhythm is really intense

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GasGuzzler

· 01-09 11:51

Double top to $12, this downtrend is really fierce, bears are holding on tightly --- Can $12 hold? It feels like we need to test the bottom again --- With such a drop in trading volume, $12 may not be stable --- Let's wait and see if $12 breaks or not; if it breaks, it might go even lower --- Bears are so fierce, I dare not catch the bottom --- After the double top, the technical signals indeed show no signs of a rebound --- $12, it feels like it needs to drop quite a bit more to stabilize --- With such a large trading volume, there is definitely more room below --- Should I wait for a rebound at $12 before considering? Entering now is too risky

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blocksnark

· 01-09 11:45

Double top has fallen, can 12 hold? Doesn't seem so optimistic. --- The bears' momentum this time is really fierce, and the volume supports it perfectly. Continue to watch for a breakdown. --- From 31.5 to 12? Whoever dares to buy the dip in this middle section, I bow to them. --- It's again a support level, where's the support you mentioned last time? It was already broken. --- This is the so-called "obvious" pattern, clearly indicating further decline. --- Will 12 dollars still be the ceiling? Anyway, I'm just going to relax. --- Trading volume keeps falling, it looks like there's really more room below. --- Why does it feel like every time it's the last critical point, and then it gets broken with a poke? --- The bears are so arrogant, where is the bottom? Who knows?

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Liquidated_Larry

· 01-09 11:42

Can $12 rebound? I think it's uncertain; the bears haven't had enough yet. --- Another double top and a downward channel, same old story... should have cut losses earlier. --- If $12 can't hold this level, it needs to break further down. --- With such high trading volume, it indicates institutions are dumping; retail investors shouldn't even try. --- With the bears in control right now, any rebound is just a trap. --- Let's wait and see; it feels like it can go even lower.

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GamefiGreenie

· 01-09 11:29

Double top smashed down, it looks like the $12 support level must hold, or else it will really break new lows. The bears are indeed fierce this wave, and the trading volume is dropping along with it. It feels like there's more to the story. From $31.5 to $12? This decline is truly outrageous. Who can absorb this rebound? Hmm, if it drops further, I'm ready to pick up the bottom. It all depends on when the trading volume will weaken. The double top has been broken out, so this time we really need to be cautious. Why does it feel like the bears are in control of this situation a bit too steadily? It’s a little unsettling. Support is at $12, so let's stick to this line, or it’s game over. Speaking of, the speed of this decline feels like testing the market’s psychological bottom. The trading volume is also cooperating by dropping, it seems like the institutions really want to scare retail investors out. Once the support level is broken, it’s likely to continue downward. It’s a bit risky.

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