Avalanche price analysis (Neutral) — 34.45 USDT (-1.68% 24h)

AVAX is showing consolidation around the $34.45 level after a modest 24-hour decline of -1.68%. The price currently trades just above the 20-day SMA ($34.19) and has maintained support above the 50-day SMA ($33.35), indicating underlying strength. The RSI at 50.33 suggests perfectly balanced momentum without overbought or oversold conditions. Trading volume remains healthy at $242 million, supporting current price levels. Volatility at 5.68% is moderate for AVAX, suggesting potential for movement in either direction. Key resistance sits near $35.50, while critical support holds at the $33.35 SMA50 level. Traders should watch for a decisive break above $35 with volume confirmation for long entries, while a break below $33.35 could trigger further downside toward $32. Consider scaling into positions rather than full allocation until direction becomes clearer.