AVAX is down -4.14%, trading at $23.55 and nearing its 24h low of $23.256. With RSI dipping toward oversold and volume softening, the asset is in a short-term downtrend—but traders are watching for signs of a reversal or deeper flush.
📉 Technical Snapshot
- Current Price: $23.55
- 24h High/Low: $24.813 / $23.256
- RSI(6): 40.57 – bearish zone, nearing oversold
- Volume: 1.25M – light compared to MA(5) and MA(10)
- MA(5): 1.95M
- MA(10): 2.08M
- Chart High: $27.415 – major resistance from recent rally
Outlook: Bearish short-term, but bounce potential rising near $23.25
🔄 Scenario Breakdown
Bullish Case: Bounce from $23.25 with RSI recovery could push AVAX toward $24.50–$25.00
Bearish Case: Breakdown below $23.25 opens downside toward $22.40–$21.80
📊 Sentiment Meter
📉 Bearish – RSI weak, volume fading, price near support
⚠️ Risk Level
🔴 High – Momentum fading, volatility rising
🧠 Strategy Prompt
If AVAX breaks $24.50, are you going long or waiting for confirmation?
If it dips to $22.40, are you buying the bounce or shorting the breakdown?
💬 Drop your bias below 👇
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📢 Not financial advice. Always DYOR and manage your risk.