Avalanche Weekly Price Analysis – March 1-8, 2025: Can AVAX/USDT Break Back Above $20 After Weekly Drop to $19.47?

Are you thinking of investing in Avalanche and looking for the  Avalanche weekly price analysis? During the week of March 1 to 8 2025 a 30-minute AVAX/USDT chart on Binance depicted AVAX price swings alongside areas of resistance and support along with two main technical indicators comprising RSI and MACD. The AVAX price showed substantial daily variations as it entered a period of consolidation followed by a price surge which brought the prices near $23.50. Following the peak occurred an important rejection which started a downward price movement. Trading occurred mostly at the critical support level when the price stabilized at $19.47 by the end of the week.

Analyzed by baishnabtriparna, published on Tradingview on March 8, 2025

Breakout Rally and Weekly High: AVAX Surges to $23.50

AVAX maintained a restricted price motion between $20.00 to $21.00 as it battled resistance before breaking out at the early phase of the week. Market momentum stayed neutral throughout this phase because the RSI values stayed within the range of 40 to 50. Price chart displayed increasing buying volume which created an environment perfect for a price breaking point. AVAX activated a strong upward movement after breaking through the $21.00 barrier during the March 3rd period and rose to reach a weekly maximum of $23.50. The breakout generated high trading activity which validated the power of this bullish shift.

When the AVAX price action reached $23.50 it encountered robust opposition which acted as the weekly peak. The RSI reading reached 70 points above zero which established overbought conditions indicating that the asset needed to correct its price. The price faced significant resistance at $23.00 as investors rejected higher values which caused immediate bearish action. The rejection validated $23.50-$23.60 as a critical deciding point through which sellers took power from buyers. AVAX entered a rapid price decline which caused it to break under the $21.00 support turning it into a barrier zone by March 4.

Rejection and Downtrend, Sellers Take Control

AVAX price update then touched $19.00 on March 5 during its downward movement which matched an essential support line. A price reading at 30 on the RSI proved an oversold situation that regularly points to market reversals or brief price rebounds. The MACD constructed an important bullish sign by showing a Golden Cross as its short-term moving average crossed above the long-term moving average which indicated potential market recovery. The token succeeded in pushing back to $21.00 mark on March 6 before losing upward energy.

An unsuccessful effort to maintain above $22.00 became apparent as the Avalanche weekly price analysis experienced renewed multiple selling activities. RSI signs indicated negative bullish momentum because its readings stayed below the 50 point while MACD indicator charts showed a flat trend indicating weak directional movement. The market prices fell steadily towards $19.50 because of another price downturn. The price area from $19.00 to $19.50 functioned as an important support barrier to stop additional market declines. The market lacked enough purchase activity which resulted in the price staying in tension.

AVAX Price Action: Will $19.00 Hold, or Will AVAX Experience Further Downside?

The cryptocurrency market reflected hesitation as AVAX experienced a week-long trend toward the $19.47 value. The Relative Strength Index continued to maintain a 40 points position which did not support recovery but also failed to point toward future market reduction. Momentum weakened over time because the MACD indicator stayed at the zero line. AVAX has potential for a price rebound to $20.50-$21.00 if the $19.00 support level stays strong which may result in another test of the $22.00-$23.00 resistance area. A breakdown of AVAX price below $19.00 could create a more extensive downward move which may extend to $18.50 or further levels.

The  AVAX price update demonstrates why traders should track resistance and support levels together with RSI and MACD data to determine market movement potential. Traders need to observe the  AVAX price update in a way that if AVAX performs above $19.00, this price point can indicate additional risks for the ensuing trading period.