AVAX is currently overbought with an extremely high RSI of 89.8, suggesting a potential pullback. The price has rallied significantly but faces resistance near recent highs.
Current Market Situation
AVAX is trading at $14.96, up 6.63% in 24 hours. The RSI reading of 89.8 indicates the asset is heavily overbought, which often precedes a price correction.
Support and Resistance Levels
Recent support has formed around $13.82-$13.94, while resistance sits near $14.98. The price is currently testing the upper end of its recent range.
Moving Average Analysis
The current price is above both the 20-day SMA ($14.55) and 50-day SMA ($14.22), indicating short-term bullish momentum, but the extreme RSI suggests this may not last.
Trading Strategy
Wait for a pullback to buy near support levels. Consider taking profits if the price approaches resistance. The high RSI makes buying at current levels risky.
Beginner Recommendations
Advice: hold
Buy Price: 13.85 USDT
Sell Price: 14.95 USDT
Key metrics
| Price | 14.9600 USDT |
| 24h Change | 6.63% |
| RSI(14) | 89.81 |
| SMA20 / SMA50 | 14.55 / 14.22 |
| Daily Volatility | 3.67% |
| 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.
