AVAX is showing positive momentum with recent price gains, but may be approaching resistance levels. Current price is above key moving averages, suggesting potential for continued growth with careful entry points.
Current Market Position
AVAX is trading at $34.15, up 4.85% in 24 hours. The price is above both the 20-day ($34.34) and 50-day ($32.35) moving averages, indicating bullish momentum. RSI at 60 suggests the asset is neither overbought nor oversold.
Support and Resistance Levels
Recent local lows around $29.52 provide strong support levels. Resistance appears near $35.50 based on recent price action. The asset has shown consistent upward movement from lower support levels.
Trading Strategy
Consider buying near support levels around $32.50 for better risk-reward ratio. Set sell targets near resistance at $35.50. Current volume of 4.87 million suggests healthy market activity.
Risk Management
Always use stop-loss orders to protect your investment. Crypto markets can be volatile, so only invest what you can afford to lose. Consider dollar-cost averaging to reduce timing risk.
Beginner Recommendations
Advice: hold
Buy Price: 32.5 USDT
Sell Price: 35.5 USDT
Key metrics
| Price | 34.1500 USDT |
| 24h Change | 4.85% |
| RSI(14) | 60.09 |
| SMA20 / SMA50 | 34.34 / 32.35 |
| Daily Volatility | 4.87% |
| Sentiment | Bullish |
| 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.
