The post AVAX Technical Analysis Jan 24 appeared on BitcoinEthereumNews.com. AVAX is stuck in a narrow range at the $12.13 level. While RSI at 38 shows low momentumThe post AVAX Technical Analysis Jan 24 appeared on BitcoinEthereumNews.com. AVAX is stuck in a narrow range at the $12.13 level. While RSI at 38 shows low momentum

AVAX Technical Analysis Jan 24

AVAX is stuck in a narrow range at the $12.13 level. While RSI at 38 shows low momentum, MACD’s positive histogram signals a slight recovery. The $12.19 breakout will be critical in the next 24-48 hours.

Short-Term Market Outlook

AVAX is trading at $12.13 as of January 24, 2026, showing a slight decline of -0.57% over the last 24 hours. The daily range has narrowed to $11.99 – $12.50, with volume at a moderate $148.14M. The short-term trend is downward; price remains below EMA20 ($12.27) and Supertrend is giving a bearish signal. RSI at 37.96 is approaching oversold territory, while MACD’s positive histogram indicates potential for a slight momentum bounce. However, in the overall MTF (multi-timeframe) context, there are 10 strong levels across 1D/3D/1W timeframes: 2 supports/3 resistances on 1D, 1 support/2 resistances on 3D, and 2 supports/3 resistances on 1W. This outlines a consolidation scenario expecting increased volatility in the next 24-48 hours. As price consolidates around $12.00, key invalidation points to watch are a break below $11.98 (bearish) or above $12.19 (bullish). Risk is high for short-term traders; stop-losses should be tight and capital management prioritized. There are no significant news developments, so technical levels will dominate.

Intraday Critical Levels

Nearby Support Zones

The nearest support is at $11.8592 (strength score: 64/100), followed closely by $11.9819 (61/100). These levels were tested at intraday lows ($11.99) and held. A quick close below $11.86 could lead to the $10.9941 downside target (score: 0) – quick invalidation if it holds above $11.98. For scalping, watch the $11.95-$11.86 range, with bounce potential on volume increase.

Nearby Resistance Zones

The most critical resistance is at $12.1923 (80/100 – very strong), the first target for testing. Above it, follow $12.5092 (74/100) and $13.0115 (64/100). There’s an approach to the daily high near $12.50, but EMA20 ($12.27) is the first hurdle. A break above $12.19 could trigger momentum; otherwise, expect rejection back to supports.

Momentum and Velocity Analysis

Short-term momentum is mixed: RSI at 37.96 is low (potential bounce), MACD histogram is positive (upward velocity increasing), but Supertrend is bearish and price is below EMA20. Velocity analysis shows slowing on 1H/4H – sideways consolidation dominates. Volume at $148M is neutral; sudden spikes will confirm breakouts. In the next 24 hours, if RSI rises to 50 it will accelerate upward, below 30 it will accelerate downward. Swing traders should watch for 4H Supertrend flip ($12.75 resistance), while scalpers focus on quick entries/exits around the $12.13 pivot. Risk: False breakouts are common, tight stops mandatory.

Short-Term Scenarios

Upside Scenario

Strong close above $12.1923 (with +20% volume increase) – target $12.5092, then $13.0115. Trigger: BTC stability above $90k + RSI divergence. Cancel: Rejection below $12.13. Potential 7% upside within 24 hours. Ideal setup for AVAX Spot Analysis.

Downside Scenario

Break below $11.9819 (with volume confirmation) – target $11.8592, then $10.9941. Trigger: BTC break of $88.8k support. Cancel: Hold above $12.19. 9% downside risk, quick scalp short opportunities. Be cautious with leverage for AVAX Futures Analysis.

Bitcoin Correlation

BTC is sideways at $89,540 (+0.15%), Supertrend bearish – caution for altcoins. AVAX has high correlation with BTC (0.85%); if BTC breaks $88,833 support, pressure on AVAX increases to $11.86. Watch BTC resistances at $90,753-$91,594 – if BTC holds above, AVAX gets room to $12.50; below, $11.00 gets tested. Rising dominance could make it altcoin-less, BTC stability is key.

Daily Summary and Watch Points

– Main watch: $12.1923 resistance breakout / $11.9819 support breakout.
– Volume spikes confirm triggers.
– BTC $88.8k / $90.7k levels as proxies for AVAX.
– Risk management: Positions 1-2% of capital, stop-loss 0.5-1% tight.
– High risk: Short-term trades are volatile, can wipe out full capital. Watch and be patient.

This analysis uses the market views and methodology of Chief Analyst Devrim Cacal.

Crypto Research Analyst: Michael Roberts

Blockchain technology and DeFi focused

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/avax-intraday-analysis-january-24-2026-short-term-strategy

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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