Avalanche price analysis (Bullish) — 14.10 USDT (+8.38% 24h)

AVAX is showing significant momentum today, surging 8.38% to $14.10 on substantial volume exceeding $71.8 million. The price has decisively broken above both its 20-day SMA ($13.66) and 50-day SMA ($13.19), confirming a strong bullish trend. However, a major caution flag is raised by the RSI reading of 83.33, which indicates the asset is deeply in overbought territory. This extreme reading, coupled with elevated volatility of 3.5%, suggests a high probability of a near-term pullback or consolidation. While the trend is clearly up, traders should exercise caution. Aggressive longs at these levels carry significant risk. A more prudent strategy would be to wait for a healthy retracement towards the $13.60-$13.80 support zone before considering new long entries. Existing holders might consider taking partial profits here and tightening stop-losses to protect gains against a potential reversal.