Ronny Mugendi
30-08-2025
Avalanche has once again failed to break the $26.50 resistance level, reinforcing its ongoing bearish channel. The token is now trading at about $23.88 following several rejections since March 2025. Technical patterns indicate that there is still a high downside risk with lower highs still being created throughout the chart. In case the pressure continues, AVAX may test $22 support once again and then decline to $21. Any breakdown below the $21 level is likely to accelerate losses to the $19-$18 range. Nevertheless, the most vital support is still closer to $16. This level was a key rebound zone in the past years and in 2025 may serve as a last line of defence.Deeper Downside Levels Could Be Tested
Ronny Mugendi is an experienced crypto journalist with four years of professional expertise, having made substantial contributions to multiple media platforms covering cryptocurrency trends and innovations. With more than 4,000 published articles to his name, he is dedicated to informing, educating, and bringing more people into the world of Blockchain and DeFi. Beyond his journalism work, Ronny finds excitement in bike riding, enjoying the adventure of exploring fresh trails and landscapes.
Ronny Mugendi is an experienced crypto journalist with four years of professional expertise, having made substantial contributions to multiple media platforms covering cryptocurrency trends and innovations. With more than 4,000 published articles to his name, he is dedicated to informing, educating, and bringing more people into the world of Blockchain and DeFi. Beyond his journalism work, Ronny finds excitement in bike riding, enjoying the adventure of exploring fresh trails and landscapes.
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