AVAX shows strong momentum with a 15% daily gain, but RSI near 70 suggests potential overbought conditions. Current price is above key moving averages, indicating bullish sentiment.
Price Action
AVAX surged from $30.54 to $34.88 recently. The price is now above the 20-day and 50-day averages, which is positive.
RSI Indicator
RSI at 69.86 is close to overbought (70). This means the price might pull back soon as buyers take profits.
Support and Resistance
Key support is near $31.36 (recent local min). Resistance is around $33.95 (recent local max). Watch these levels for entry and exit points.
Volume Insight
High volume during the rise confirms buyer interest. But be cautious if volume drops during further gains.
Beginner Recommendations
Advice: hold
Buy Price: 31.36 USDT
Sell Price: 33.95 USDT
Key metrics
| Price | 34.8800 USDT |
| 24h Change | 15.00% |
| RSI(14) | 69.86 |
| SMA20 / SMA50 | 32.73 / 32.51 |
| Daily Volatility | 5.26% |
| 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.
