The post AVAX Price Prediction After Bitwise Files for a Staking ETF appeared on BitcoinEthereumNews.com.

Today, the price of AVAX dropped 10.15%, as the rest of the crypto market saw another red tide among big assets. Despite the big decline, the Avalanche price action saw a surprising increase in activity. The trading volume over the last 24 hours rose by 48.43%. There was a strange mix of a lot of selling and a lot of buyers wanting to get in at reduced prices. During the session, a number of large-cap tokens failed, however AVAX stayed in a different structure on the lower periods. This phase made market participants even more interested in important support zones and Bitwise’s new staking ETF filing. AVAX Price Edges Toward $8.64 Zone The chart shows a slow drop, with the line of resistance going down to mark each time the price tries to bounce. Sellers force the structure down, which makes unambiguous lower highs. The AVAX value is currently trading at $12.78, which is just over a mid-range area that has caused major reactions in the past. The recoveries during the day are limited, and buyers can’t seize control every time they try to break through minor supports. The DMI indicator sets the mood. The –D stays at 35, the +D stays at 13, and the big gap puts the Avalanche price firmly in bearish territory. The ADX at 46 is particularly substantial as it signals a strong trend strength to support the negative trend. This mix keeps the market under pressure hindering a possible fast recovery move. The second important region is at $8.64, which has been a strong launchpad in the past. Every retest modifies the setup and makes room for rebounds after the price stabilizes. The $15.33 area is the closest upside checkpoint, and the $20.55 area is the ceiling of a larger recovery. These bearish conditions…

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Filed under: News - @ December 1, 2025 8:21 pm