Sentiment: Bullish
AVAX is showing strong momentum with a significant 6.87% gain over the past 24 hours, currently trading at $20.99. The price has pushed above both the 20-day SMA ($20.61) and 50-day SMA ($20.01), indicating bullish near-term and medium-term trends. However, caution is warranted as the RSI reading of 75.17 suggests the asset is entering overbought territory, which could signal an impending pullback. Trading volume of $68.1 million demonstrates healthy market participation in this move. The 3.42% volatility reading indicates moderate price swings, typical for AVAX during trending periods. Traders should consider taking partial profits near current levels while maintaining core positions, with stop-losses placed below the 20-day SMA. For new entries, waiting for a pullback toward $20.50-$20.70 would provide better risk-reward opportunities. The overall technical picture remains constructive, but the elevated RSI suggests near-term consolidation is likely before the next leg higher.
Key Metrics
| Price | 20.9900 USDT |
| 24h Change | 6.87% |
| 24h Volume | 68115210.67 |
| RSI(14) | 75.17 |
| SMA20 / SMA50 | 20.61 / 20.01 |
| Daily Volatility | 3.42% |
Avalanche — 1h candles, 7D window (SMA20/SMA50, RSI).
