Avalanche price analysis (Bearish) — 19.66 USDT (-6.20% 24h)

AVAX is showing significant technical strain as it trades at $19.66, down over 6% in 24 hours amid elevated selling pressure. The RSI reading of 25.85 indicates severely oversold conditions, typically suggesting potential for a near-term bounce. However, AVAX remains below both its 20-day SMA ($20.24) and 50-day SMA ($20.46), confirming the bearish momentum structure. Trading volume of $52.5 million reflects active participation, while volatility above 4% suggests continued price instability. For traders, this presents a classic oversold scenario – aggressive traders might consider scaling into long positions with tight stops below $19.20, anticipating a technical rebound toward the $20.20-$20.50 resistance zone. More conservative investors should wait for confirmation of a base formation or a decisive break above the 20-day SMA before entering. Risk management remains crucial given the elevated volatility environment.