Avalanche (AVAX) Faces $8 Test as Analysts Warn of More Losses

• Michael van de Poppe identifies $8 as a potential AVAX buying level, warning that further correction could follow broader altcoin weakness.
• Giannis Andreou sees 8.50–8.90 as critical support, with resistance at 10.00–10.50 shaping AVAX’s recovery prospects.
• AVAX could target $15.20 if resistance breaks, but losing $8.50 may weaken the bullish outlook and expose lower support levels.

Avalanche (AVAX) faces competing price outlooks as analysts assess whether its recent recovery can withstand further selling pressure. Michael van de Poppe expects another correction and identifies $8 as a potential buying level. However, Giannis Andreou sees a possible move toward $15 if AVAX holds support, while the October 21 Binance chart shows the token trading at $9.743.

Analysts Identify Critical Support Levels for AVAX

Van de Poppe attributed altcoin market weakness to uncertainty across cryptocurrency markets. He said Bitcoin gaining momentum could restore strength across altcoins, while identifying $8 as a level where he would consider buying AVAX.

Andreou highlighted the 8.50–8.90 zone as important support following AVAX’s break above descending resistance. He identified $8.70 as a level that could support further gains if buyers defend the rising trendline.

https://twitter.com/gandreou007/status/2112476417896087669?s=20

However, a daily close below $8.50 would weaken Andreou’s bullish outlook and increase the risk of a deeper pullback. His analysis places the next recovery hurdles at 9.10–9.60 and 10.00–10.50.

AVAX Chart Shows Improving Short-Term Momentum

The four-hour Binance chart dated October 21, 2026, shows AVAX gaining $0.041, or 0.42%, to reach $9.743. The token had climbed from approximately $7.20 to above $11.50 in late September before entering an October downtrend.

Recent price action places immediate support at 9.50–9.60, with $9.00 below that zone. On the upside, resistance stands at $10.00 and 10.30–10.50, followed by $11.00.

The RSI reads 50.27, above its moving average of 44.54. Meanwhile, the MACD histogram stands at 0.035, with its line at -0.068 above the signal line at -0.103. Both MACD lines remain below zero despite the bullish crossover.

AVAX Price Targets Reach $15 if Resistance Breaks

Andreou identified 11.00–11.95 as the next target zone after AVAX clears $10.50. Further resistance sits at 12.50–13.20, followed by 14.50–15.20.

Source: TradingView

A rise from $8.70 to $15 would represent approximately 72% upside. However, the chart’s recovery remains vulnerable if AVAX loses $9.50 support, potentially exposing $9.00. Trading volume stands at 240.48K AVAX.