AVAX is currently trading at $29.81, showing slight bearish momentum with a 0.7% decline in 24 hours. The RSI at 69 suggests it’s approaching overbought territory. Recent price action shows support around $28.50 and resistance near $30.30.
Current Market Position
AVAX is trading slightly above its 20-day and 50-day moving averages, indicating neutral to slightly bullish momentum. The current price is consolidating after recent volatility.
Support and Resistance Levels
Strong support has formed around $28.50 based on recent local lows. Resistance appears near $30.30, which has rejected price advances multiple times in recent hours.
Trading Recommendation
Consider buying near support levels around $28.50-$28.80 for potential upside. Look to take profits near resistance at $30.00-$30.30. The RSI suggests caution as it approaches overbought levels.
Risk Management
Always use stop-loss orders below support levels. Given the moderate RSI reading and recent volatility, this trade carries medium risk. Only invest what you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 28.6 USDT
Sell Price: 30.2 USDT
Key metrics
| Price | 29.8100 USDT |
| 24h Change | -0.70% |
| RSI(14) | 69.41 |
| SMA20 / SMA50 | 29.26 / 29.45 |
| Daily Volatility | 4.76% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
