Avalanche price analysis (Bearish) — 18.33 USDT (-0.43% 24h)

AVAX is showing mixed signals as it trades at $18.33, down 0.44% over the past 24 hours. The current price sits just above the 20-day SMA of $18.24 but below the 50-day SMA of $18.40, indicating potential resistance at higher levels. Most concerning is the RSI reading of 71.43, which places AVAX in overbought territory and suggests a near-term pullback may be imminent. Trading volume remains healthy at over $40 million, providing adequate liquidity, though the 4% volatility indicates continued price swings. For traders, consider taking partial profits here given the overbought conditions, with stop-losses set around $17.80. Wait for a retest of the $17.50-$18.00 support zone before considering new long positions. The current setup favors range-bound trading rather than directional momentum plays.