AVAX is showing strength with recent gains, but RSI indicates potential overbought conditions. Current price is near recent highs with good volume support.
Current Market Position
Price at $13.90 is above both 20-day ($13.77) and 50-day ($13.52) moving averages, indicating bullish momentum. The 3.65% 24-hour gain shows buying pressure.
RSI Warning Signal
RSI at 70.67 suggests AVAX may be overbought. This often precedes price corrections. Beginners should be cautious when RSI exceeds 70.
Support and Resistance Levels
Recent local lows around $13.23-13.31 provide strong support. Resistance is evident near $14.00, which price recently tested but couldn’t break above.
Volume Analysis
Trading volume remains healthy, supporting the price movement. Higher volume during up moves confirms buyer interest.
Trading Strategy
Wait for pullbacks to support levels for better entry prices. Consider taking profits near resistance if you’re already holding.
Beginner Recommendations
Advice: hold
Buy Price: 13.3 USDT
Sell Price: 14.0 USDT
Key metrics
| Price | 13.9000 USDT |
| 24h Change | 3.65% |
| RSI(14) | 70.67 |
| SMA20 / SMA50 | 13.77 / 13.52 |
| Daily Volatility | 4.06% |
| 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.
