AVAX is currently trading near key support levels after a recent decline. The price shows signs of stabilization with neutral momentum indicators.
Current Market Position
AVAX is trading at $28.76, slightly above its recent low of $27.16. The price has been consolidating after a drop from above $31.
Technical Indicators
RSI at 49 indicates neutral momentum. The price is between the 20-day SMA ($28.58) and 50-day SMA ($29.08), suggesting balanced short-term sentiment.
Support and Resistance Levels
Key support is at $27.16 (recent low). Resistance levels are at $29.52 and $30.54. The price needs to break above $29.52 to show bullish momentum.
Trading Strategy
Consider buying near support at $27.50 for potential upside to resistance at $30.00. Use stop-loss below $27.00 to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 27.5 USDT
Sell Price: 30.0 USDT
Key metrics
| Price | 28.7600 USDT |
| 24h Change | 3.60% |
| RSI(14) | 49.05 |
| SMA20 / SMA50 | 28.58 / 29.08 |
| Daily Volatility | 5.94% |
| 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.
