AVAX: Trader Flags Correction Toward $8 Retest

Michaël van de Poppe sees AVAX heading for additional downside and would turn buyer on a retest of the $8 level, citing limited market certainty that is driving deeper losses across altcoins until Bitcoin recovers momentum.

Price sits at $9.47 inside the Bollinger Bands with the lower band at $9.33 offering immediate support while the upper band at $10.02 caps any short-term bounce; the EMA50 at $9.93 and EMA200 at $9.78 both sit above spot and reinforce the bearish structure, and the MACD death cross at -0.13 together with neutral RSI at 39.78 points to continued pressure before any meaningful reversal.