Sentiment: Bullish
AVAX is showing significant technical weakness as it trades at $19.85, down nearly 10% in the past 24 hours. The current price sits below both the 20-day SMA ($21.01) and 50-day SMA ($21.69), indicating sustained bearish momentum. Most notably, the RSI reading of 23 indicates extreme oversold conditions – levels not seen since major market bottoms. While the high volatility of 8.8% suggests continued price swings, the substantial $109M in 24-hour volume shows active institutional interest at these levels. For traders, this presents a classic contrarian opportunity. Aggressive buyers might consider scaling into long positions here with tight stops below $18.50, targeting a rebound toward the $22-23 resistance zone. More conservative traders should wait for RSI to recover above 30 and price to reclaim the 20-day SMA before entering. Risk management remains crucial given the elevated volatility environment.
Key Metrics
| Price | 19.8500 USDT |
| 24h Change | -9.94% |
| 24h Volume | 109726144.00 |
| RSI(14) | 23.05 |
| SMA20 / SMA50 | 21.01 / 21.69 |
| Daily Volatility | 8.83% |
Avalanche — 1h candles, 7D window (SMA20/SMA50, RSI).
