AVAX is currently in a downtrend but showing signs of potential reversal with oversold RSI. Recent price action suggests consolidation near support levels.
Current Market Overview
AVAX is trading at $21.42, down 3.47% in 24 hours. The RSI at 29 indicates oversold conditions, which often precedes price bounces.
Technical Analysis
Price is below both 20-day ($21.86) and 50-day ($23.71) moving averages, confirming the downtrend. Recent local lows near $20.68 provide strong support.
Trading Strategy
Consider buying near support at $20.80 and selling near resistance at $23.00. The oversold RSI suggests potential for short-term recovery.
Risk Management
Always use stop-loss orders and never invest more than you can afford to lose. Crypto markets are highly volatile.
Beginner Recommendations
Advice: buy
Buy Price: 20.8 USDT
Sell Price: 23.0 USDT
Key metrics
| Price | 21.4200 USDT |
| 24h Change | -3.47% |
| RSI(14) | 28.98 |
| SMA20 / SMA50 | 21.86 / 23.71 |
| Daily Volatility | 7.88% |
| 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.
