AVAX is in a sharp downtrend, down over 7% in 24 hours. The RSI is extremely oversold at 10.65, suggesting a potential bounce. However, price is below all key moving averages, indicating strong bearish momentum. This creates a high-risk, high-potential-reward scenario for experienced traders.
Current Market Snapshot
AVAX is trading at $12.94, having fallen significantly from recent highs near $15. The 24-hour change is -7.6%. The trading volume is elevated, showing high interest during this sell-off.
Key Technical Signals
The RSI is at 10.65, which is deeply oversold. This often precedes a short-term price bounce. However, the current price is below both the 20-day ($13.69) and 50-day ($14.17) Simple Moving Averages, confirming the bearish trend.
Recent Price Action & Levels
The price has broken below several recent support levels (local_min). The most recent local minimums were near $14.84 and $14.04. The most recent local maximums (resistance) were near $14.87 and $14.27.
Strategy for Beginners
Due to the extreme oversold reading, this could be an opportunity, but it is very risky. Only consider a small position. The idea is to buy near a potential bottom and sell if the price recovers to a previous resistance level. Never invest more than you can afford to lose.
Beginner Recommendations
Advice: buy
Buy Price: 12.8 USDT
Sell Price: 14.25 USDT
Key metrics
| Price | 12.9400 USDT |
| 24h Change | -7.64% |
| RSI(14) | 10.65 |
| SMA20 / SMA50 | 13.69 / 14.17 |
| Daily Volatility | 3.18% |
| Sentiment | Bearish |
| Risk level | High |
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.
