AVAX 1D – Macro Trendline Test at Multi-Year LowsAVAX / TetherUSBINANCE:AVAXUSDTBKVIPAVAX on the 1D timeframe is currently trading around 6.757 after a prolonged and painful downtrend that has been in place since the 2025 highs near 52.00, erasing the vast majority of price over nearly two years of consistent lower highs and lower lows. Price is now sitting directly on the descending trendline from the July 2024 lows that has been declining since then, while also testing the 6.300–6.757 horizontal support zone which is the lowest level on this entire chart. Every prior recovery attempt across two years has been followed by a continuation lower, with the November 2025 rally to 36.00 being the most significant bounce before the final leg down. Key Levels To Watch 52.00 → 2025 high, major resistance above 36.00–38.00 → Prior recovery high, key resistance 17.50–20.50 → Prior consolidation zone, now resistance 12.50–14.50 → Prior support zone, now resistance 9.00–10.50 → Recent consolidation range, now resistance 6.300–6.757 → Descending trendline and horizontal floor, current test Below 5.300 → No visible support, new multi-year lows likely The descending trendline has been the defining structure of this entire bear cycle and is now converging with the lowest horizontal level on this chart, creating the most critical decision point in two years of price history. A hold at the trendline and horizontal floor near 6.300–6.757 would be the minimum requirement for any meaningful stabilization, with the first recovery target being the 9.00–10.50 prior consolidation range. A confirmed close below 6.300 and loss of the descending trendline would push price into new multi-year low territory with no visible structural support below 5.300. This is the most significant support test on this chart in two years. Hold 6.300–6.757 → stabilization possible, first recovery target 9.00–10.50. Lose 6.300 → new multi-year lows, no structure below 5.300. Fully bearish below descending trendline. Structure only shifts on confirmed trendline break to the upside.