The Avalanche (AVAX) price has spent the past few weeks sliding downhill, and today’s move shows it hasn’t found its footing yet. AVAX is sitting close to $12.26, drifting lower step by step, with no clear area where buyers have taken a stand.
While the broader market shows signs of catching its breath, AVAX hasn’t shared that relief. Losing a major support level opened a wide gap underneath the price, and that gap is exactly what analysts are watching.
Ali pointed to a specific pattern driving this worry: AVAX has slipped out of a right-angled ascending broadening wedge. When this structure breaks, it often signals that the floor beneath the chart is much weaker than it looks.
With that break now confirmed, the chart’s path leans toward $9. Short bounces may show up along the way, but so far none of them have been strong enough to slow the slide.
The chart Ali shared maps out a staircase-style descent, where each small recovery gets rejected near previous support, turning it into resistance.
The general idea is simple: the trend is down, and until the AVAX price can reclaim lost levels, sellers stay in control.
What the AVAX Chart Is Showing
The Avalanche price has been making lower highs and lower lows since late October. The breakdown below the $16–$15 region was the key moment that shifted the structure from weak to outright bearish.
This zone acted as support multiple times earlier in the year, and losing it signals that the market is now willing to reprice AVAX much lower.
The $12 area has been acting as temporary support, but the chart shows no clear strength. Volume remains light on green candles and heavier on red ones, which is a typical sign of sellers dominating. Unless the AVAX price can push back above the $14–$15 zone soon, the downward channel remains intact.
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Short-Term Outlook for Avalanche Price This December
The next few weeks depend heavily on how AVAX behaves around the $12 support. If it fails to hold, a move toward $10 becomes very likely, and the $9 target mentioned by Ali comes into play shortly after. This would simply extend the downtrend already in motion.
For any recovery attempt to matter, the AVAX price needs to reclaim $14 and hold above it. For now, every bounce looks temporary.
Buyers are active but not strong enough to take control, while sellers remain in charge. If nothing changes, AVAX could slide lower before forming a solid base.
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