AVAX is currently in a downtrend with oversold conditions, suggesting potential for a rebound. Recent price action shows support near $14.38 and resistance around $15.74.
Current Market Situation
AVAX is trading at $14.55, down 6.55% in 24 hours. The RSI at 31.6 indicates oversold conditions, which often precedes price bounces.
Key Support and Resistance Levels
The recent local minimum of $14.38 acts as strong support. The recent local maximum of $15.74 serves as resistance where selling pressure may increase.
Moving Average Analysis
Price is below both 20-day ($14.76) and 50-day ($15.13) moving averages, confirming the downtrend but also suggesting potential for recovery.
Trading Strategy
Consider buying near support at $14.40 and selling near resistance at $15.70. Use stop-loss orders to manage risk as crypto markets can be volatile.
Beginner Recommendations
Advice: buy
Buy Price: 14.4 USDT
Sell Price: 15.7 USDT
Key metrics
| Price | 14.5500 USDT |
| 24h Change | -6.55% |
| RSI(14) | 31.58 |
| SMA20 / SMA50 | 14.76 / 15.13 |
| Daily Volatility | 4.85% |
| 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.
