One Cryptocurrency Trading Below the Resistance Levels- Avalanche (AVAX)

 Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Avalanche (AVAX) is a high-performance blockchain platform designed to achieve scalability, security, and decentralization through its innovative Proof-of-Stake (PoS) consensus mechanism. The platform’s native token, AVAX, serves as the core utility asset of the ecosystem, enabling users to participate in governance, process transactions, and earn rewards by supporting network validation and operations. AVAX has a market capitalization of ~USD 4.14 billion (as per TradingView as of March 12, 2026).

Last week, the S&P Cryptocurrency Broad Digital Market Index (BDM Index) opened on a positive note and continued its recovery trend, gaining 118.01 points, or 3.27%, to close at 3,734.84 for the week ending March 06, 2026. When trading resumed on March 09, renewed buying interest supported a modest rebound in the broader digital asset market. Major cryptocurrencies such as Bitcoin and Ethereum also recorded gains, contributing to the index’s overall improvement. However, despite the positive price action, broader market sentiment remains fragile. Investors continue to adopt a cautious stance, reflecting a risk-off approach as volatility persists across the cryptocurrency and digital asset sector.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one cryptocurrency that seems ‘Non-Attractive’ at the current level appears to be Avalanche (AVAX) Perpetual Futures based on the below technical parameters: -

Avalanche (AVAX):

Noted below are the generic insights, indicative entry price, support, and resistance levels for the next 1-2 weeks duration for the AVAX:

Entry level and Resistance Levels as mentioned herein are only indicative in nature as per trend analysis and further evaluation is required when looking at cryptocurrency under discussion.

Key Risks: High volatility, hype-driven price swings, low liquidity, weak fundamentals, and sudden downside move remain key risks in meme coin analysis.

Note: The reference Information in this report has been sourced from TradingView.  

AVAX Technical Analysis Summary (On the Daily Chart):

AVAX continues to trade below a key downward-sloping trendline near $9.90, a historically significant resistance level that has repeatedly capped previous advances. Remaining below this resistance maintains a cautious near-term outlook and leaves room for potential downside pressure. The 14-period Relative Strength Index (RSI) is currently around 53.46, indicating neutral-to-soft momentum without a strong bullish signal. In addition, the price continues to trade below the 50-period Simple Moving Average (SMA), which is acting as a dynamic resistance and limiting upward attempts. Overall, upside potential appears constrained in the short term. A decisive breakout above the trendline resistance would be required to shift sentiment and confirm the possibility of a stronger bullish trend.

The MACD histogram remains positioned above the centerline. Additionally, price action continues to trade above the Parabolic SAR indicator, which currently acts as dynamic support. Now the next support level appears to be at USD 8.45, and prices may test this level in the coming sessions (1-2 weeks).

Noted below are the key positives and negatives when looking at Avalanche (AVAX) in the cryptocurrency space: - 

Advantages of AVAX:

• Fast Transaction Processing: Avalanche provides exceptionally rapid transaction speeds, enabling near-instant confirmations. This makes the platform particularly suitable for applications requiring high throughput and low latency, such as decentralized finance (DeFi) platforms and real-time payment systems.
• Incentivized Participation: Avalanche’s reward structure encourages validators, stakeholders, and users to actively engage with the network. By offering these incentives, the platform cultivates a vibrant and dynamic ecosystem, supporting ongoing innovation and sustainable growth.

Disadvantages of AVAX:

• Competition from Established Platforms: Avalanche faces competition from dominant blockchain networks such as Ethereum, which benefit from larger user bases, developer communities, and well-established ecosystems. Despite Avalanche’s technical advantages, capturing meaningful market share and attracting developers from entrenched platforms remains a significant challenge.
• High Validator Staking Requirement: Operating as a validator on the Avalanche network requires staking a substantial amount of AVAX tokens. While this mechanism enhances network security, it can also act as a barrier to entry, limiting validator participation to individuals or entities with sufficient capital and potentially impacting decentralization.

Conclusion:

Based on the above-mentioned price action analysis and technical indicators outlook, Avalanche (AVAX) may witness movement in the downside direction. The trend looks to be in an interesting space and the currency looks ‘Non-Attractive’ given the current price of USD 9.559 as on March 12, 2026, at 7:00 PM, (GMT+11) Time in Sydney NSW, Australia. However, volatility in the price should be borne in mind when looking at further evaluation for investment scenarios. Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while making investment decisions.

Related Risks: Based on the technical analysis, the risks are defined as per risk-reward ratio (~0.80:1.00), however, returns are generated within 1-2 weeks’ time frame. This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the cryptocurrency has not been considered in the decision-making process. Other factors which could impact the cryptocurrency prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: When a Cryptocurrency price is expected to move upward in the short-term (1-2 weeks), it is termed as 'Attractive’, while if a downward movement in prices is expected in a Cryptocurrency it is termed as 'Non-Attractive'. In general, for an ‘Attractive’ cryptocurrency an exit position can be considered if the Resistance Levels or Indicative Stop loss mentioned as per the technical analysis has been achieved. If the cryptocurrency looks ‘Non-attractive’ an exit position can be considered if the Support Levels or Indicative Stop loss mentioned as per the technical analysis has been achieved. Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Kalkine reports are prepared based on the crypto prices captured from either REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect crypto prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 2: How to Read the Chart?

The Green colour line reflects the 21-period simple moving average (SMA) while the red line indicates the 50-period SMA. SMA helps to identify existing price trends and if the prices trade above the 21-period and 50-period SMA, then in general it shows an uptrend trend.

The Black colour line in the chart’s lower segment is a 14-period Relative Strength Index (RSI) which indicates momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Blue colour bars in the chart’s lower segment show the volume of the Cryptocurrency. The volume is the quantity that changed hands during the given period. Cryptocurrencies with high volumes are more liquid compared to lesser once and higher volumes help in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the Cryptocurrency prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the Cryptocurrency and if the price breaches the level, then Support 2 may act as the crucial support level for the Cryptocurrency. 

Resistance: A level at which the Cryptocurrency prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the Cryptocurrency and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the Cryptocurrency. 

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the Cryptocurrency prices. 

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains. It is suggested to Trail the Stop-Loss as per the aforementioned levels if the Cryptocurrency price achieves more than 60% of the Resistance 1. individuals, in general, might consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 60% of Resistance 1. However, these indications need further evaluation basis associated risks and any change in trends. 

The reference date for all price data, currency, technical indicators, support, and resistance levels is March 12, 2026, at 7:00 PM, (GMT+11) Time in Sydney NSW, Australia. The S&P Cryptocurrency BDM Index in this report has been sourced from REFINITIV. 

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar 

Note: Trading decisions require a thorough analysis by individuals. Technical reports in general chart out metrics that may be assessed by individuals before any Cryptocurrency evaluation. The above are illustrative analytical factors used for evaluating the Cryptocurrency; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.

Disclaimer - This report (“Report”) has been issued by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and prepared by Kalkine and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and associated pages are published by Kalkine.

Any advice provided in this Report is general advice only and does not take into account your objectives, financial situation or needs. You should therefore consider whether the advice is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document  (“Offer Document”) for the securities or other financial products referred to in Kalkine Report. You should obtain a copy of the relevant Offer Document and consider the statement or document before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any of the general advice in this Report or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Report and on the Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its reports (including this Report),, newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations to invest in securities and other financial products.

Any information in this report relating to digital currency or other crypto-asset types (crypto product) is based on the law that applied at the time the report was prepared. Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Investments in crypto products can be high risk and volatile. Therefore, it is prudent to follow a cautious approach while making investment decisions. You should seek appropriate advice and consider your objectives and risk appetite before making any decision in relation to such products.

Kalkine is not responsible for, and does not guarantee, the performance of, or returns on, any  investments mentioned in this Report.

Kalkine does not issue, sell or deal in any financial products.

This Report may contain information on past performance of particular investments. Past performance is not a reliable indicator of future performance. Returns stated do not take into account transaction costs and taxes Any displays of potential investment opportunities are for sample purposes only and may not actually be available to investors. To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Report, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent  the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information. Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Report or on Kalkine website. Any such employees and associates are required to comply with certain procedures and disclosures as required by law.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website including entities covered in this Report.

Copyright 2025 Krish Capital Pty. Ltd. (ABN 61629651510). All Rights Reserved. No part of this report, or its content, may be reproduced in any form without our prior consent.