Avalanche price analysis (Bullish) — 16.72 USDT (+2.58% 24h)

AVAX is showing impressive momentum, trading at $16.72 with a solid 2.58% gain over the past 24 hours. The current RSI reading of 86.4 indicates severely overbought conditions, suggesting traders should exercise caution despite the bullish price action. Volume remains robust at $46.7 million, supporting the current uptrend. The price is currently trading above the 20-day SMA ($16.24) but slightly below the 50-day SMA ($16.43), indicating mixed signals in the medium-term trend. The 5.57% volatility reading suggests AVAX is experiencing typical crypto market swings. For traders, consider taking partial profits given the extreme RSI levels, with stop-losses placed below $16.20. New positions should wait for a healthy pullback to better entry levels around $16.00-$16.25. The current setup suggests potential for continued upside if AVAX can maintain momentum above the 50-day SMA, but the overbought conditions warrant careful risk management.