Sentiment: Bullish
AVAX is showing strong momentum with a 7.26% gain over the past 24 hours, currently trading at $30.43. The price is positioned above both the 20-day SMA ($29.72) and 50-day SMA ($29.17), indicating a bullish trend structure. However, the RSI reading of 69.35 suggests we’re approaching overbought territory, which could trigger a short-term pullback. Volume of nearly $200 million shows decent participation in this move. Given the elevated volatility reading of 4.08%, traders should expect continued price swings. My advice would be to wait for a pullback toward the $29.50-$29.70 support zone before considering new long positions. Current holders might consider taking partial profits here and setting stop-losses below $29.00.
Key Metrics
| Price | 30.4300 USDT |
| 24h Change | 7.26% |
| 24h Volume | 198821837.51 |
| RSI(14) | 69.35 |
| SMA20 / SMA50 | 29.72 / 29.17 |
| Daily Volatility | 4.08% |
Avalanche — 1h candles, 7D window (SMA20/SMA50, RSI).
