Avalanche (AVAX) is currently trading at $9.26, reflecting a 1.50% increase over the last 24 hours. The price has oscillated between $9.05 and $9.35 during this period, indicating a daily range of 0.3%, which shows relatively low volatility.

The trading volume for AVAX stands at approximately $312.7 million, with a volume-to-market cap ratio of 7.82%. This suggests moderate trading activity but may indicate a lack of strong buying interest given the price changes observed over the past week and month.

Short-term moving averages indicate a bullish sentiment, with the 8 SMA at $9.15 (up 1.23%), 13 SMA at $9.17 (up 0.98%), and 21 SMA at $9.19 (up 0.76%). However, the 55 SMA at $9.06 is showing stronger growth at 2.17%, while the 144 SMA at $9.46 is in a downtrend, declining by 2.10%.

The 1-hour RSI is at 51, suggesting a neutral market sentiment, while the 7-day RSI is lower at 45, indicating potential bearish momentum. Price changes over the past 7, 14, and 30 days reveal significant declines of approximately 8%, 22.5%, and 33%, respectively, suggesting a prolonged bearish trend.

Avalanche's all-time high remains at $144.96, achieved in November 2021, highlighting a significant distance from current levels. This indicates a lack of upward momentum and suggests that current prices may be testing lower support levels.

Based on the technical analysis, the current bullish signals from short-term moving averages are tempered by the bearish momentum in the longer time frames and the low RSI values. Given the declining price trends and lack of significant upward momentum, a Hold rating is appropriate at this time, allowing for potential stabilization or further analysis before making any buy or sell decisions.