Avalanche price analysis (Bullish) — 30.73 USDT (+3.40% 24h)

AVAX is showing resilience above the $30 psychological level, trading at $30.73 with a solid 3.4% gain over the past 24 hours. The current price sits just above the 20-day SMA ($30.68) while maintaining a healthy cushion above the 50-day SMA ($30.15), indicating underlying strength in the medium-term trend. With RSI at 55.44, AVAX remains in neutral territory with room for upward momentum before reaching overbought conditions. The $153 million trading volume suggests decent participation, though volatility remains moderate at 4.5%. Traders should watch for a decisive break above $31.50, which could trigger momentum toward $33-35 resistance. Support holds at $29.50-$30.00 – a break below could test the 50-day SMA. Consider scaling into positions on dips toward support with stops below $29 for risk management.