Avalanche (AVAX) has dropped below $27 and is facing bearish pressure, with analysts predicting a potential crash to the $20 mark. The token has seen a 3.6% drop over the past 24 hours, bringing the 7-day return to -18.3%. The AVAX price trend reveals a bearish breakdown of a local support trendline, and the downfall started after the morning star pattern near $34.34. The bearish influence is revealed by the Trend Strength Index (TSI), which stands at -0.89, indicating an extremely bearish trend. Analysts predict a triangle breakdown rally, leading to a potential drop to the $20 psychological mark and a fall below the 78.60% Fibonacci level at $24.34. The next price target is the $19.55 support level, while the key resistance level is at $28.91.



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