AVAX: New Lows Leave Bulls With Work To DoAvalanche / TetherCOINBASE:AVAXUSDTDukesMarketAnalysisFresh Cycle Lows Confirm The Downtrend • AVAX has broken to fresh cycle lows around $5.70, reinforcing the primary bearish trend and signalling that sellers remain firmly in control. Moving Averages Continue To Weigh On Price • The 21/8-week EMAs remain bearishly crossed, with price trading well beneath both averages, keeping the longer-term trend negative. Resistance Stacked Overhead • Any recovery is likely to encounter resistance around $8.50, followed by $10.50. Beyond that, the major weekly resistance zone around $14.50 remains the key level bulls would need to reclaim. Selling Pressure Has Increased • Volume expanded into the recent breakdown, suggesting sellers remained active as price pushed to new lows rather than showing signs of exhaustion. Momentum Still Favours The Bears • RSI has remained below 50 since October 2025, while the StochRSI is oversold. Although oversold conditions can trigger relief rallies, they do not signal a trend reversal on their own. In Summary Avalanche continues to trade in a well-established downtrend after breaking to fresh cycle lows. Despite oversold momentum readings, the broader technical picture remains weak while price sits below the 21/8-week EMAs and key resistance levels. Bulls first need to reclaim nearby resistance around $8.50 and $10.50 before any meaningful improvement in sentiment can be considered. Until then, rallies are likely to be viewed as counter-trend moves within a broader bearish structure.