The post AVAX Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

AVAX is currently trading at $10.17 and approaching the strong $9.16 support region. Short-term downtrend dominates, but RSI at 28 level gives oversold signal. Current Price Position and Critical Levels AVAX is positioned at $10.17 with a %6.44 decline in the last 24 hours (range: $9.16 – $10.90). The overall trend continues as downtrend; price remains below EMA20 ($11.94) and Supertrend gives bearish signal ($12.29 resistance). On the 1D chart, a strong support formation is observed at the recent low of $9.16, but in case of breakdown, there is a risk of deepening to $5.91. In multi-timeframe (MTF) analysis, 9 critical levels were identified: 1D (2 supports/3 resistances), 3D (1 support/2 resistances), 1W (1 support/3 resistances). These confluences increase the strength of the levels. Volume is at a medium level of $540M, with a decreasing trend in declines, indicating that buyers may enter. Price may react from the $10.12 region after short-term liquidity hunt, but altcoins are under pressure under BTC dominance. Support Levels: Buyer Zones Primary Support $9.1600 (Strength Score: 73/100) – This level stands out as AVAX’s most critical buyer zone. Reasons: 1) Strong confluence in 1D and 3D timeframes (order block and fair value gap combination); 2) The low point of the last 24 hours was rejected here with a volume explosion (high volume spike, %20+ buying pressure); 3) Historically tested 3 times (held during 2025 Q4 declines), wick formations signal liquidity collection. There is also support confluence on the 1W chart, indicating that big players (whales) may accumulate long positions after stop-loss hunting. In case of breakdown, invalidation drops below $8.50, leading to downside target $5.9123 (R/R 1:3 potential). Secondary Support and Stop Levels $10.1222 (Strength Score: 69/100) – Immediately below the current price, short-term secondary support. Analysis: Price recently received strong rejection from here (pin…

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Filed under: News - @ February 1, 2026 2:19 am