Avalanche price analysis (Neutral) — 13.00 USDT (+0.31% 24h)

AVAX is showing resilience, trading at $13.00 with a modest 0.31% gain over the last 24 hours. The current price sits just above the 20-day SMA ($12.82) but remains below the 50-day SMA ($13.32), indicating a potential consolidation zone. The most significant technical signal is the RSI reading of 73.13, which places AVAX in overbought territory. This suggests the recent upward momentum may be overextended and due for a pullback or period of sideways movement. Trading volume is healthy at $34.2 million, supporting the current price level, while volatility remains moderate at just over 3%. For traders, this presents a cautious picture. The overbought RSI advises against aggressive long entries at these levels. A prudent strategy would be to wait for a retracement toward the $12.80 support or a decisive break and hold above the 50-day SMA at $13.32 for confirmation of a stronger bullish trend. Risk management is key here.