AVAX price is still trading under heavy pressure, even though the short-term chart is showing a small intraday recovery. AVAX is currently near $6.68, up around 1.36% over the past 24 hours, but the broader structure remains weak after a long decline from previous cycle highs. The main theme across the charts is clear. AVAX may not be done with downside yet.
AVAX Price Struggling Below Key Breakdown Levels
The current bounce near $6.68 does not change the bigger picture yet. AVAX price remains far below its previous highs and is still trading beneath several broken support zones. The token is also down more than 95% from its $144.96 all-time high, showing how deep this long-term correction has become.
The immediate price action is still weak because AVAX has not reclaimed the old $8.00–$9.00 area. That zone previously acted as support but has now turned into resistance. Until AVAX gets back above that range, every bounce remains vulnerable to another rejection.
Crypto analyst Global Rashid also pointed the same technical area, noting that the $8 range support has already broken. His chart suggests that AVAX may still need to test the $4.50–$5.50 region first, where a previous trendline support and older breakout structure sit.
Bearish Distribution Still Points Lower
The lower-timeframe structure is not cleanly bullish either. OlaxBT’s chart shows AVAX drifting above VWAP, but the CVD is falling sharply. That means price may be holding up in the short term while sell-side pressure is still active.
This is important because a bounce without strong volume follow-through can often turn into a trap. The MFI moving into a more neutral zone shows some short-term relief, but the lack of aggressive buying keeps the setup fragile.
For bulls, AVAX price needs to hold above $6.50 and then reclaim $7.00–$7.50 with stronger volume. If that fails, the current bounce could simply become another lower-high before the next downside leg.
High-Timeframe Charts Still Target $3.50–$3.00
The most important technical view comes from the higher-timeframe charts. Rami Scalps highlighted $3.50 as the key level, and his chart shows AVAX moving inside a large corrective structure that still has room for one final downside sweep.
The setup suggests AVAX may drop into the $3.50–$3.00 region before a stronger long-term reversal begins. That zone also lines up with the lower end of the broader accumulation area shown on multiple charts.
Another crypto analyst, The Wyckoff Architect, shared a similar high-timeframe idea, expecting AVAX price to eventually move towards the $3 region. His chart shows price still following the downside path, with the next major demand zone sitting much lower than the current market price.
This does not mean AVAX must collapse in a straight line. However, the structure still favors one deeper flush before a stronger recovery setup becomes more attractive.
Avalanche Treasury News Adds a Long-Term Angle
There is also a fundamental angle developing around Avalanche. That Martini Guy noted that Avalanche Treasury went public on Nasdaq, but the stock reportedly crashed 38% on day one. Despite that weak start, the company still plans to buy more than $1 billion worth of AVAX.
This adds an interesting longer-term factor. While the market is still punishing AVAX technically, institutional-style accumulation narratives can become important later if price enters a deeper demand zone.
However, this does not remove the near-term risk. The chart still comes first. If AVAX price keeps failing below $8.00, the market can still push towards $5.50, $4.50, and eventually the $3.50–$3.00 support region.
AVAX Recovery Targets After the Final Dip
The bullish case becomes much more interesting if AVAX completes a final move into the $3.50–$3.00 region and then reacts strongly. That zone is where several charts are pointing for a possible long-term accumulation base.
If buyers defend that area, AVAX price could start building a major recovery structure. The first upside target would be a reclaim of $7.50–$8.00, followed by the $10–$12 area. A stronger recovery above $10 would be the first real sign that the macro downtrend is starting to weaken.
Global Rashid’s chart also shows larger upside targets near $29–$31 and later $55–$60 if the bigger reversal plays out. However, those are not active targets yet. AVAX first needs to survive the current bearish phase, form a bottom, and reclaim key resistance levels.
Final Thoughts: Will AVAX Dip First Before a Bigger Recovery?
AVAX price is not showing a confirmed reversal yet. The price is still below key breakdown levels, the broader altcoin market remains weak, and several high-timeframe charts are still pointing towards a deeper move into the $3.50–$3.00 region.
At the same time, this does not make the long-term picture completely bearish. The deeper AVAX moves into major support, the more important the next reaction becomes. Staking expansion, treasury accumulation plans, and long-term channel support could all matter more if the price reaches a true accumulation zone.
For now, the better read is simple: AVAX may still need one more painful dip before the stronger recovery begins. A move towards $3.50–$3.00 would be bearish in the short term, but if buyers defend that zone, it could become the foundation for a larger recovery back above $10 and eventually much higher levels.