Avalanche Price Analysis February 28, 2025: AVAX Falls Below $20.30 Amid Growing Macroeconomic Concerns

Let’s explore why Avalanche experiences a sharp 8.46% decline amidst bear market sentiment.Are you planning to buy Avalanche’s AVAX on the dip? US President Trump’s tariff policies, regulatory concerns, and the recent Bybit hack have shaken the current market sentiment. As a result, the crypto market tumbled, and famous coins like AVAX faced a deep decline. This leaves traders wondering whether it is a noteworthy investment at the moment. Let’s analyze the last 24 hours of AVAX price movement on the daily chart for a clear insight.

Avalanche’s Notable Price Action – February 27, 2025

On February 27, 2025, the AVAX trading day exhibited dynamic price action in the trading range. During the initial trading session, the AVAX price began to fall briefly. At 00:25 UTC, a Golden Cross on MACD signaled an uptrend. Likely, at 00:35 UTC, the AVAX price started to move in an upward channel and reached the top price of the day at $23.38. At 10:35 UTC, a pin bar, followed by a full-body red candle, signaled a sharp price decline. 

Chart 1 – Analyzed by Buvaneswari_L, published on TradingView, Feb 28, 2025

A Death Cross on MACD and an RSI overbought situation at 10:35 UTC indicating a possible downtrend. Evidently, the AVAX price began to fall, entered the phase of a downward channel, and dropped to $21.99. At 21:05 UTC, a Golden Cross on MACD signaled an uptrend. As expected, AVAX’s price moved on the upside, resisted, and closed at $22.55. 

Avalanche Price Today: AVAX Slides to $20.22

As illustrated in Chart 1, on February 28, 2025, Avalanche’s trading day began with a downward trajectory, demonstrating a strong bearish momentum. In the early trading session, at 00:10 UTC, AVAX’s price resisted at $22.60 and began to fall. A Death Cross on MACD at 00:30 UTC affirmed this downtime. At 01:15 UTC, the price then broke the support at $21.99 and breached a breakout, which broke the support level at $20.96. This led to another breakout and dropped to $20.22. A Golden Cross on MACD at 02:25 UTC signaled an uptrend. At 04:00 UTC, AVAX entered an RSI Oversold situation, indicating a possible trend reversal. 

Evidently, at 04:30 UTC, AVAX found support at $20.22 and kept fluctuating. At 06:50 UTC, AVAX price began to move on the upside, breached a breakout at 07:00 UTC, and entered the phase of an upward channel. But at 09:30 UTC, AVAX entered an RSI Overbought situation, signaling a possible downtrend. As expected, at 09:55 UTC, a pin bar, followed by a full-body red candle, signaling a sharp price decline at $21.50 resistance. As a result, the AVAX price began to fall. A Death Cross on MACD at 10:05 UTC confirmed this downtrend. 

Avalanche’s Possible Scenario

Based on the Avalanche price analysis, the Avalanche price today is projecting a sharp price decline. At the moment, the price movement of AVAX is fluctuating between $21.50 and $20.22 key levels, eyeing to break the resistance. If the Avalanche price swings upside and breaks the key resistance at $21.50, it could encounter a bullish wave. In case it fails in its attempt, the price drops and breaks the support at $20.22, which could trigger a further price decline. What will be the possible scenario? Let’s closely watch the key levels to find AVAX’s next move.