AVAX is currently in a downtrend with oversold conditions, suggesting potential for a short-term bounce. Key support and resistance levels provide clear entry and exit points.
Current Market Situation
AVAX price is $15.83, down 10.1% in 24 hours. The RSI at 25.9 indicates oversold conditions, which often precedes a price rebound.
Support and Resistance Levels
Recent local lows around $15.88 provide strong support. Recent highs near $17.58 act as resistance where selling pressure increases.
Trading Strategy
Consider buying near support at $15.90 and selling near resistance at $17.50. The oversold RSI suggests limited downside risk at current levels.
Risk Management
Always use stop-loss orders below your buy price. Crypto markets are volatile, so only invest what you can afford to lose.
Beginner Recommendations
Advice: buy
Buy Price: 15.9 USDT
Sell Price: 17.5 USDT
Key metrics
| Price | 15.8300 USDT |
| 24h Change | -10.11% |
| RSI(14) | 25.95 |
| SMA20 / SMA50 | 16.33 / 16.86 |
| Daily Volatility | 4.57% |
| Sentiment | Neutral |
| Risk level | Medium |
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.
