AVAX is currently trading at $28.41, showing slight downward pressure but finding support near recent lows. The RSI at 48 indicates neutral momentum, while price is slightly below both 20-day and 50-day moving averages.
Current Market Position
AVAX has declined from recent highs around $30.50 to current levels near $28.40. The price is testing support levels while showing some consolidation patterns.
Technical Indicators
RSI at 48 suggests neither overbought nor oversold conditions. Price below both SMAs indicates short-term bearish pressure, but the small gap suggests potential for reversal.
Support and Resistance Levels
Key support is forming around $27.93 (recent local minimum), while resistance sits near $29.34 (recent local maximum). These levels provide clear entry and exit points.
Trading Strategy
Consider buying near support levels for potential bounce plays, with clear stop losses below support. Take profits near resistance levels to capture short-term gains.
Beginner Recommendations
Advice: hold
Buy Price: 27.93 USDT
Sell Price: 29.34 USDT
Key metrics
| Price | 28.4100 USDT |
| 24h Change | 0.71% |
| RSI(14) | 48.00 |
| SMA20 / SMA50 | 28.62 / 28.72 |
| Daily Volatility | 3.15% |
| 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.
