Avalanche price analysis (Bullish) — 18.92 USDT (+3.22% 24h)

AVAX is showing strong momentum today, trading at $18.92 with an impressive 3.22% gain over the past 24 hours. The current price sits comfortably above both the 20-day SMA ($18.69) and 50-day SMA ($18.47), indicating sustained bullish pressure. However, traders should note the RSI reading of 68.42 is approaching overbought territory, suggesting potential near-term consolidation. The substantial $25.9 million trading volume confirms genuine institutional interest rather than retail speculation. With volatility at 3.98%, AVAX remains more stable than many altcoins while still offering upside potential. For trading strategy, consider scaling into positions on any dips toward the $18.50 support level while maintaining tight stop-losses below $18.30. The current technical setup favors continued upward movement toward the $19.50 resistance zone, but be prepared for potential profit-taking as the RSI nears 70.