Sentiment: Bearish
AVAX is showing significant technical weakness as it trades at $14.35, down 8.77% over the past 24 hours. The current price sits below both the 20-day SMA ($14.69) and 50-day SMA ($15.10), indicating sustained bearish momentum. However, the RSI reading of 37.72 suggests AVAX is approaching oversold territory, which could present a potential buying opportunity for contrarian traders. The elevated volatility of 4.85% reflects heightened market uncertainty, while substantial 24-hour volume of $71.7 million confirms active institutional participation. For short-term traders, consider waiting for RSI to drop below 30 for optimal entry points. Medium-term investors might scale into positions between $13.50-$14.00, targeting a retest of the 20-day SMA resistance. Always use strict stop-losses given the current bearish structure, with key support levels around $13.20 and resistance at $15.10.
Key Metrics
| Price | 14.3500 USDT |
| 24h Change | -8.77% |
| 24h Volume | 71723462.92 |
| RSI(14) | 37.72 |
| SMA20 / SMA50 | 14.69 / 15.10 |
| Daily Volatility | 4.85% |
Avalanche — 1h candles, 7D window (SMA20/SMA50, RSI).
