AVAX is currently overbought with high RSI, suggesting potential for a pullback. Recent price action shows volatility with clear support and resistance levels.
Current Market Overview
Price is $17.60, up 1.44% in 24 hours. The RSI at 82 indicates overbought conditions, which often precedes price corrections.
Support and Resistance Levels
Strong support sits near $16.79 (recent local low), while resistance is around $17.72 (recent local high). These levels help identify entry and exit points.
Trading Strategy
Wait for a pullback to buy near support at $16.85. Consider selling near resistance at $17.70 if holding short-term positions.
Risk Considerations
High RSI and recent volatility increase risk. Use stop-loss orders to manage potential downside below support levels.
Beginner Recommendations
Advice: hold
Buy Price: 16.85 USDT
Sell Price: 17.7 USDT
Key metrics
| Price | 17.6000 USDT |
| 24h Change | 1.44% |
| RSI(14) | 81.89 |
| SMA20 / SMA50 | 17.16 / 17.32 |
| Daily Volatility | 4.46% |
| Sentiment | Bearish |
| Risk level | High |
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.
