AVAX is currently oversold with a low RSI, suggesting potential for a bounce. Recent price action shows support near $14.16 and resistance around $14.83.
Current Market Position
Price at $14.11 is below both 20-day and 50-day moving averages, indicating short-term weakness. RSI of 26 shows oversold conditions, which often precedes price recovery.
Support and Resistance Levels
Key support levels are visible around $14.16-$14.38 based on recent local lows. Resistance appears near $14.64-$14.83 from recent highs where price struggled to break higher.
Trading Strategy
Consider buying near support levels for potential bounce plays. Look to take profits near resistance areas. The oversold RSI suggests limited downside from current levels.
Risk Management
Always use stop-loss orders below support levels. Position size appropriately as crypto remains volatile. Monitor for breakouts above resistance or breakdowns below support.
Beginner Recommendations
Advice: buy
Buy Price: 14.16 USDT
Sell Price: 14.83 USDT
Key metrics
| Price | 14.1100 USDT |
| 24h Change | -3.02% |
| RSI(14) | 26.32 |
| SMA20 / SMA50 | 14.56 / 14.77 |
| Daily Volatility | 4.99% |
| Sentiment | Bullish |
| Risk level | Medium |
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.
