AVAX is currently in a strong downtrend with deeply oversold RSI levels. The price has dropped significantly below key moving averages, suggesting potential for a rebound. This analysis provides simple buy and sell levels based on recent support and resistance.
Current Market Overview
AVAX is trading at $31.32, down 8.26% in 24 hours. The RSI reading of 7 indicates extreme oversold conditions, which often precedes a price bounce. Both the 20-day and 50-day moving averages are above current price, confirming the downtrend.
Price Action Analysis
Recent price history shows AVAX declining from highs around $35 to current levels near $31. The local minimums around $30.54-$33.25 provide potential support zones, while resistance sits between $34.45-$35.35 based on recent peaks.
Trading Strategy
Given the extreme oversold conditions, consider buying near recent support levels for potential short-term recovery. Set realistic profit targets near resistance levels to manage risk effectively in this volatile market.
Beginner Recommendations
Advice: buy
Buy Price: 31.0 USDT
Sell Price: 34.5 USDT
Key metrics
| Price | 31.3200 USDT |
| 24h Change | -8.26% |
| RSI(14) | 7.05 |
| SMA20 / SMA50 | 33.18 / 33.88 |
| Daily Volatility | 5.57% |
| Sentiment | Neutral |
| Risk level | High |
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.
