AVAX is currently in a pullback after a strong run-up. The RSI is high, suggesting it was overbought. The price is now testing a recent support level. Caution is advised as the trend may need more time to settle.
Current Market Snapshot
AVAX is trading at $12.94, down 0.6% in 24 hours. The RSI is at 74, which is considered overbought. The price is currently below both the 20-day ($12.81) and 50-day ($13.34) moving averages, indicating short-term weakness.
Recent Price Action
The price recently dropped from a high near $14.27 to a low of $12.62. This is a significant correction. The price has bounced slightly from that $12.62 low, which now acts as a key support level to watch.
Buy & Sell Strategy
Given the overbought condition and recent drop, it’s wise to wait for a better entry. A safer buy zone is near the recent strong support. A realistic sell target is near the recent resistance where the price previously struggled to go higher.
Risk & Sentiment
The sentiment is neutral to slightly bearish in the short term because the coin is correcting from an overbought state. The risk level is medium-high because the trend is still defining itself after the drop.
Beginner Recommendations
Advice: hold
Buy Price: 12.65 USDT
Sell Price: 13.85 USDT
Key metrics
| Price | 12.9400 USDT |
| 24h Change | -0.08% |
| RSI(14) | 74.24 |
| SMA20 / SMA50 | 12.81 / 13.34 |
| Daily Volatility | 3.14% |
| Sentiment | Neutral |
| 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.
