Avalanche price analysis (Bullish) — 14.93 USDT (+6.11% 24h)

AVAX is showing impressive momentum, surging 6.11% over the past 24 hours to trade at $14.93. The rally comes alongside substantial volume of over $46 million, indicating strong institutional and retail interest. However, technical indicators are flashing warning signs – the RSI reading of 85.53 sits deep in overbought territory, suggesting the asset is significantly overheated. While AVAX continues to trade above both its 20-day SMA ($14.60) and 50-day SMA ($14.24), indicating the uptrend remains intact, the extreme RSI level combined with elevated volatility of 3.67% points to potential near-term consolidation. Traders should consider taking partial profits here and waiting for a healthy pullback toward the $14.20-$14.60 support zone before adding new positions. Risk management is crucial at these levels – consider setting tight stop-losses below $14.20 to protect gains.