Avalanche price analysis (Bullish) — 22.56 USDT (+5.22% 24h)

AVAX is showing encouraging technical signals despite recent market turbulence. Currently trading at $22.56, the token has posted a solid 5.2% gain over the past 24 hours while maintaining position above both its 20-day SMA ($22.34) and 50-day SMA ($22.06). This suggests underlying strength and potential for continued upward momentum. The RSI reading of 46.7 indicates AVAX is neither overbought nor oversold, providing room for additional gains without immediate technical pressure. Notably, the substantial $181 million trading volume demonstrates strong market participation and conviction behind this move. Traders should watch for a sustained break above the $23 resistance level, which could trigger further upside toward the $25-26 range. Consider accumulating on pullbacks toward the $22 support zone with stops below $21.50. The moderate volatility of 8.3% suggests manageable risk for position sizing.