{"id":69368,"date":"2026-03-09T11:23:53","date_gmt":"2026-03-09T11:23:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/avalanche-price-forecast-as-bears-keep-avax-below-key-level\/"},"modified":"2026-03-09T11:23:53","modified_gmt":"2026-03-09T11:23:53","slug":"avalanche-price-forecast-as-bears-keep-avax-below-key-level","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/avalanche-price-forecast-as-bears-keep-avax-below-key-level\/","title":{"rendered":"Avalanche price forecast as bears keep AVAX below key level"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/00_chart-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/00_chart-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/00_chart-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/00_chart-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Avalanche climbed above $9 as bulls mirrored broader gains.<\/li>\n<li>However, the altcoin remains in bearish momentum as the price hovers below a key level.<\/li>\n<li>Derivatives data and technical indicators offer a mixed outlook for the AVAX price.<\/li>\n<\/ul>\n<p>Avalanche price continues to face headwinds as the token trades just above $9.00.<\/p>\n<p>Despite slight gains after four consecutive days of downward action, AVAX price remains below the $10 mark as on-chain metrics and technical indicators show a mixed outlook.<\/p>\n<p>The overall bearish price action and underlying crypto market sentiment favour sellers, particularly amid the unfolding geopolitical scenario.<\/p>\n<h2>Avalanche derivatives outlook<\/h2>\n<p>The derivatives market for Avalanche presents a conflicting picture that traders must navigate carefully.<\/p>\n<p>On one hand, Avalanche futures Open Interest (OI) has fallen to $387 million, having declined steadily since mid-January.<\/p>\n<p>Coinglass data shows OI is nearing the February low of $361 million, which could highlight a drop in investor confidence amid a broader bearish outlook.<\/p>\n<p>Such a decline in open interest typically suggests that traders are closing positions rather than opening new ones, reflecting a cautious or bearish sentiment across the broader market.<\/p>\n<p>However, a closer look at the funding rates tells a different story. The funding rate for AVAX turned positive on Monday after hitting -0.0153% on March 6.<\/p>\n<p>While it is not steady amid recent price declines, it currently hovers around 0.0070%.<\/p>\n<p>A positive funding rate indicates that long positions are paying shorts.<\/p>\n<p>Often, this suggests that despite the falling price, a segment of the market remains bullish and is willing to pay a premium to hold long positions.<\/p>\n<p>This divergence of a falling open interest and positive funding suggests that while overall participation is down, the remaining leveraged traders are optimistic of a notable rebound.<\/p>\n<h2>Avalanche price forecast<\/h2>\n<p>The technical picture for Avalanche indicates that the region around the $8.63 and $8.10 levels provides a crucial support zone.<\/p>\n<p>AVAX has bounced off this area multiple times in the past two months, with bulls setting the lower boundary of the range as a key level on Feb 6 and on Feb 26.<\/p>\n<p>However, the bulls have failed to go higher amid supply wall rejection below $10.<\/p>\n<p>Avalanche\u2019s price has declined by more than 26% year-to-date.<\/p>\n<figure id=\"attachment_363291\" aria-describedby=\"caption-attachment-363291\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-363291\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/03\/avax-avalanche-chart.png\" alt=\"Avalanche AVAX Price Chart\" width=\"1057\" height=\"613\"\/><figcaption id=\"caption-attachment-363291\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/symbols\/AVAXUSD\/\" target=\"_blank\" rel=\"noopener\">Avalanche price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>The Relative Strength Index (RSI) currently reads 46, which is below the neutral 50 level.<\/p>\n<p>However, it\u2019s upturned to indicate that bulls could reclaim traction.<\/p>\n<p>Also notably, the Moving Average Convergence Divergence (MACD) indicator features a bullish crossover whose upside bias has not yet been invalidated.<\/p>\n<p>As of Monday morning, AVAX traded at $9.08, hovering just above the critical support zone.<\/p>\n<p>Should the market sentiment shift and buyers step in, a recovery to above $11 could bring the <a href=\"https:\/\/coinjournal.net\/news\/avalanche-price-jumps-above-14-on-rising-onchain-adoption-analysts-see-path-to-9-or-35\/\">next level of $14<\/a> into play.<\/p>\n<p>If the bearish momentum outlook picks up fresh momentum, the token\u2019s value could test the February 6 low of $7.53.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/avalanche-price-forecast-as-bears-keep-avax-below-key-level\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Avalanche climbed above $9 as bulls mirrored broader gains. However, the altcoin remains in bearish momentum as the price hovers below a key level. Derivatives data and technical indicators offer a mixed outlook for the AVAX price. Avalanche price continues to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":69369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69368"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=69368"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/69368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/69369"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=69368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=69368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=69368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}