Avalanche's native token, AVAX, has hit a wall at $9.28. Momentum stalled there, and a technical indicator is now flashing a warning: a bearish MACD divergence is forming. That pattern often signals a deeper correction is ahead. Selling pressure is building, and the odds are leaning toward a test of lower support levels.
MACD Divergence Flashes Red
The Moving Average Convergence Divergence — MACD for short — is a momentum oscillator traders watch closely. When the price makes a higher high but the MACD line makes a lower high, that's a bearish divergence. That's precisely what's showing up on AVAX's daily chart right now. It tells a simple story: buying momentum is fading even as the price tried to push higher. The divergence doesn't guarantee a drop, but it's a strong warning that the uptrend is losing steam.
Support Zone in Sight
Based on current technical patterns, there's a 65% probability that AVAX will test the $8.50 to $8.80 support zone within the next ten days. That's a range that has held in recent weeks, but with selling pressure intensifying, it might not hold this time. If the token breaks below that band, the next floor could be lower, though no clear target has emerged yet. The market is watching that zone closely.
Selling Pressure Mounts
The data shows a clear uptick in sell orders across exchanges. Volume is shifting toward the ask side, and order books are thinning on the buy side. That kind of imbalance tends to pull prices down. The stall at $9.28 isn't just a pause — it looks like a pivot point where bears are starting to take control. Whether the support zone holds or breaks will likely determine AVAX's direction for the rest of the month.
