Avalanche price analysis (Bullish) — 14.07 USDT (-4.80% 24h)

AVAX is showing significant technical distress as it trades at $14.07, down nearly 5% in the past 24 hours. The most alarming signal comes from the RSI reading of 17.2, which indicates extreme oversold conditions rarely seen in crypto markets. While price sits below both the 20-day SMA ($14.42) and 50-day SMA ($14.71), suggesting continued bearish momentum, the severely depressed RSI often precedes sharp reversal rallies. Trading volume remains substantial at over $27 million, indicating active interest despite the price decline. For traders, this presents a high-risk, high-reward scenario. Aggressive traders might consider scaling into long positions here with tight stops below $13.50, anticipating a technical bounce from extreme oversold levels. More conservative investors should wait for confirmation of reversal patterns or a break above the 20-day SMA before entering. The current volatility of 2.5% suggests continued price swings are likely.