The price of AVAX is under mounting pressure as key support at $7.60 threatens to give way. Technical indicators have turned decisively bearish, with analysts warning a drop toward $7.20 could materialize within the next ten days.
The $7.60 Support Line Under Siege
For weeks, $7.60 has acted as a floor for AVAX, absorbing selling pressure and allowing brief recoveries. That floor is now crumbling. The token has been sliding toward that level, and each attempt to bounce has been weaker than the last. Traders who bought near the support are now watching their positions turn red, and stop-losses are clustering just below the line. A break below $7.60 would send a clear signal that the market has run out of buyers willing to defend that zone.
Bearish Indicators Converge
Several momentum indicators are now pointing in the same direction: down. Relative strength index readings have fallen into oversold territory, but instead of triggering a bounce, the market is grinding lower. Moving averages are stacking in a bearish alignment, with short-term averages crossing below longer-term ones. Volume data shows that selling pressure has been consistent and rising, while buying volume has tapered off. This convergence of bearish signals suggests that the current move is not a simple dip but a structural shift in sentiment.
What the Charts Predict
Technical analysis outlines a clear path: a test of $7.20 within the next ten days. That level represents the next major area of support, one that has not been tested since earlier this year. If $7.20 also fails to hold, the downside could accelerate quickly. The charts do not show any significant demand zone between $7.20 and the next psychological level at $6.50. For now, the focus is on whether $7.60 can put up any fight or if the selling will wash straight through it.
The 10-Day Window
The next ten days will be critical for AVAX. If the price manages to stabilize above $7.60, it could buy time for a recovery attempt. But the weight of the bearish indicators makes that outcome less likely. Traders are watching closely, and many are already positioning for a breakdown. The question now is not if the $7.60 support will be tested, but whether it will break.
