Avalanche price analysis (Neutral) — 18.41 USDT (-6.31% 24h)

AVAX is showing concerning short-term weakness despite holding above key technical levels. The current price of $18.41 represents a significant 6.31% decline over the past 24 hours, though trading volume remains robust at over $76 million, suggesting continued institutional interest. The RSI reading of 57.45 indicates AVAX is neither overbought nor oversold, sitting in neutral territory with room for movement in either direction. Technically, the price remains above the 20-day SMA at $18.23, providing near-term support, but faces resistance at the 50-day SMA of $19.10. The 3.85% volatility reading suggests AVAX is experiencing typical crypto market fluctuations. Traders should watch for a decisive break above $19.10 for bullish confirmation or a drop below $18.23 that could signal further downside toward $17.50 support. Position sizing should remain conservative given the current uncertainty in broader crypto markets.