AVAX has surged over 9% in 24 hours to $14.18, breaking above key moving averages. However, the RSI is extremely high at 84.7, indicating the asset is overbought and a pullback is likely. The price is far above recent support levels.
Current Market State
AVAX is in a strong uptrend, trading above both its 20-day ($13.60) and 50-day ($13.17) Simple Moving Averages (SMAs). This shows bullish momentum in the short and medium term.
Key Warning Signal
The Relative Strength Index (RSI) is 84.7. An RSI above 70 typically means an asset is ‘overbought.’ This suggests the recent price jump might be too fast and a price correction could happen soon.
Recent Price Action
Looking at the hourly chart, AVAX found strong support near $12.62 multiple times before launching its current rally. The most recent local high before this surge was around $13.67.
Strategy for Beginners
Chasing the price here is risky. It’s better to wait for a pullback to a safer entry point. If you already own AVAX, consider taking some profits, as the RSI suggests a high chance of a temporary price drop.
Beginner Recommendations
Advice: hold
Buy Price: 13.3 USDT
Sell Price: 14.5 USDT
Key metrics
| Price | 14.1800 USDT |
| 24h Change | 9.58% |
| RSI(14) | 84.71 |
| SMA20 / SMA50 | 13.60 / 13.17 |
| Daily Volatility | 3.54% |
| 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.
