AVAX is currently oversold with a low RSI, suggesting potential for a rebound. Recent price action shows support near $20.18 and resistance around $20.98.
Current Market Overview
AVAX is trading at $20.05, down 3.98% in 24 hours. The RSI of 23.8 indicates oversold conditions, which often precedes price bounces.
Technical Indicators
Price is slightly below both 20-day ($20.41) and 50-day ($20.43) moving averages, showing short-term weakness. Volume has been moderate with some spikes during price moves.
Support and Resistance Levels
Key support is at $20.18 (recent local minimum) where buyers have stepped in. Resistance is at $20.98 (recent local maximum) where selling pressure increased.
Trading Strategy
Consider buying near support at $20.18 and selling near resistance at $20.98. The oversold RSI suggests limited downside risk at current levels.
Beginner Recommendations
Advice: buy
Buy Price: 20.18 USDT
Sell Price: 20.98 USDT
Key metrics
| Price | 20.0500 USDT |
| 24h Change | -3.98% |
| RSI(14) | 23.85 |
| SMA20 / SMA50 | 20.41 / 20.43 |
| Daily Volatility | 3.45% |
| Sentiment | Bullish |
| 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.
