Avalanche's AVAX token is trading at $7.22, but the price is stuck. The MACD momentum indicator has flatlined, and aggressive spot selling is overwhelming buyers, pushing the token toward a potential breakdown that could send it to $6.97 within days.
Flat Momentum, Heavy Selling
The MACD — a widely watched momentum gauge — shows no directional push. That flatline means neither bulls nor bears have seized control, but the order book tells a different story. Spot sellers are hitting bids aggressively, and they're winning. Buyers are absorbing the flow, but they're not stepping up with enough size to reverse the slide.
This kind of setup often precedes a sharp move. When momentum is silent and sellers keep pressing, the path of least resistance is down.
The Breakdown Level to Watch
All eyes are on $7.10. If AVAX loses that support, the next stop is $6.97 — a level that could come into play within days. A break below $7.10 would likely trigger stop-loss orders and accelerate the decline, turning a slow bleed into a fast one.
Traders are watching the bid depth around $7.10 to see if any large buyers step in. So far, they haven't.
A Bull Case on the Horizon
There is a bull case out there, but it's not for today. The facts point to a 7-to-30-day window where AVAX could reverse course. The details of that scenario are incomplete — no specific catalysts, no price targets, no timeline beyond the window itself. It's a possibility, not a plan.
For now, the near-term pressure is real. The question is whether $7.10 holds long enough for that bull case to materialize, or whether sellers push through and force a test of $6.97 first.
