Avalanche price analysis (Bullish) — 19.52 USDT (-4.41% 24h)

AVAX is showing signs of capitulation as it trades at $19.52, down 4.4% over 24 hours amid elevated selling pressure. The RSI reading of 28.89 indicates severely oversold conditions, typically preceding potential relief rallies. Price currently sits below both the 20-day SMA ($19.71) and 50-day SMA ($20.16), confirming the bearish momentum structure. However, the extreme RSI levels suggest downside exhaustion may be near. Trading volume of $48.8 million shows sustained interest despite the price decline. For traders, consider scaling into long positions with tight stops below $19.20, targeting a rebound toward the $20.50-$21.00 resistance zone. Short-term traders might wait for RSI recovery above 35 before entering, while swing traders could accumulate at these levels for a potential mean reversion play. Risk remains elevated given the broader market uncertainty, so position sizing should remain conservative.