The post Avalanche (AVAX) Faces Continued Downtrend Amid Middle East Tensions and Bearish Technicals appeared on BitcoinEthereumNews.com.

Avalanche (AVAX) experienced a significant price drop of nearly 14% following geopolitical tensions sparked by Israel’s strike on Iran, reflecting heightened market volatility and bearish technical trends. The broader altcoin market also faced pressure as rising oil prices and inflation concerns drove investors toward safer assets, intensifying risk-off sentiment across crypto markets. According to COINOTAG, AVAX’s long-term bearish double-top pattern and its position below key moving averages indicate persistent resistance and subdued momentum in the near term. Avalanche’s price decline amid Middle East tensions highlights bearish technicals and market risk-off sentiment, despite strong network usage milestones signaling long-term potential. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); AVAX Price Decline Amid Geopolitical Risks and Bearish Technical Patterns The recent geopolitical developments in the Middle East have exacerbated volatility in the cryptocurrency markets, with Avalanche (AVAX) notably underperforming many of its peers. On June 13, AVAX plunged to a daily low of $18.53, marking a nearly 14% drop that outpaced most altcoins. This sharp decline was driven by a combination of external macroeconomic factors and internal technical weaknesses. From a technical analysis perspective, AVAX is currently trapped within a bearish flag pattern, trading below all major simple and exponential moving averages. The formation of a double-top pattern earlier this year at $55.20, followed by a breakdown below $15, signals strong resistance levels that may impede any swift recovery. This pattern…

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Filed under: News - @ June 13, 2025 9:28 pm