Sentiment: Neutral
AVAX is showing significant technical weakness as it trades at $16.30, down 1.27% over the past 24 hours. The most concerning signal comes from the RSI reading of 20.56, indicating severely oversold conditions that typically precede either a relief bounce or continued capitulation. Price currently sits below both the 20-day SMA ($16.65) and 50-day SMA ($16.42), confirming the bearish near-term structure. However, the extreme RSI level suggests the selling may be overextended. Trading volume of $52 million shows moderate participation in the current move. For traders, consider scaling into long positions near current levels with tight stops below $15.80, targeting a rebound toward the $17.20 resistance zone. Alternatively, wait for a confirmed break above the 20-day SMA before entering swing positions. Risk management is crucial given the 5.7% volatility reading.
Key Metrics
| Price | 16.3000 USDT |
| 24h Change | -1.27% |
| 24h Volume | 52285852.82 |
| RSI(14) | 20.56 |
| SMA20 / SMA50 | 16.65 / 16.42 |
| Daily Volatility | 5.69% |
Avalanche — 1h candles, 7D window (SMA20/SMA50, RSI).
