Avalanche price analysis (Neutral) — 29.72 USDT (+0.27% 24h)

AVAX is showing consolidation around the $29.70 level with modest 0.27% gains over the past 24 hours. The current price sits just above the 20-day SMA at $29.66 but slightly below the 50-day SMA at $29.82, indicating a potential inflection point. Trading volume remains healthy at $112 million, suggesting continued institutional interest. The RSI reading of 62.6 sits in neutral territory, neither overbought nor oversold, providing room for movement in either direction. Volatility at 4.55% reflects typical crypto market conditions. Traders should watch for a decisive break above the $30 psychological level, which could trigger momentum toward $32 resistance. Support holds at $28.50, with a break below potentially testing $27. Consider scaling into positions on dips toward support levels while maintaining tight stop-losses given current market uncertainty.