Avalanche price analysis (Bullish) — 20.20 USDT (+1.71% 24h)

AVAX is showing resilience in current market conditions, trading at $20.20 with a modest 1.71% gain over the past 24 hours. The token is currently trading above its 20-day SMA of $19.99 but remains below the 50-day SMA of $20.59, indicating mixed short-term momentum. With an RSI of 57, AVAX sits in neutral territory with slight bullish bias, suggesting room for upward movement before reaching overbought conditions. The substantial $97 million trading volume demonstrates healthy market participation, while the 5.6% volatility indicates relatively stable price action compared to typical crypto assets. Traders should watch for a decisive break above the $20.60 resistance level, which could trigger further upside toward $22. For risk management, maintain stops below $19.50. The current setup favors cautious accumulation on dips toward $19.80-$20.00 support zones.