AVAX is currently in a strong downtrend with oversold conditions. The RSI below 30 suggests potential for a short-term bounce, but the price is below key moving averages indicating continued bearish pressure.
Current Market Position
AVAX is trading at $27.76, down 11.37% in 24 hours. The price has dropped significantly from recent highs around $34-35, showing strong selling pressure.
Technical Indicators
RSI at 25 indicates oversold conditions, which often precedes a bounce. However, price is below both 20-day ($29.21) and 50-day ($31.52) SMAs, confirming the bearish trend.
Support and Resistance Levels
Recent local lows around $30.54-$33.25 provide potential support zones. Resistance sits near $34.45-$35.35 based on recent peaks where selling intensified.
Trading Strategy
Consider buying near support levels for a potential rebound, but be cautious as the overall trend remains downward. Set stop-losses below recent lows to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 30.5 USDT
Sell Price: 34.5 USDT
Key metrics
| Price | 27.7600 USDT |
| 24h Change | -11.37% |
| RSI(14) | 25.21 |
| SMA20 / SMA50 | 29.21 / 31.52 |
| Daily Volatility | 5.52% |
| Sentiment | Bearish |
| 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.
