AVAX/USDT: Expect further downside

Trend structure: Price is moving within a descending channel, forming an A–B–C corrective structure.

Momentum: RSI shows multiple hidden bearish divergences, supporting continuation of the downtrend.

Channel targets: Midline near 21.0 (already tested), and lower bound between 17.0–17.5 as the primary downside objective.

Confirmation: Channel structure has held since early August, with repeated hidden RSI divergences and price rejection at 25.0.

Bias: Downtrend continuation is expected until price hits channel support.

Key levels: Bearish outlook is valid while price remains below 25.0. A break below 21.0 could trigger a sharp move toward 17.5.