Avalanche (AVAX) is currently priced at $13.68, reflecting a significant 6.66% decline over the last 24 hours. The daily trading range has been narrow, with a low of $13.68 and a high of $14.69, indicating limited volatility in the current market environment.

The trading volume stands at approximately $382.87 million, with a volume-to-market cap ratio of 6.49%, suggesting moderate trading activity relative to the overall market capitalization. Short-term moving averages show negative trends, with the 8 SMA at $14.25 and the 13 SMA at $14.27, both indicating downward price pressure.

The 1-hour Relative Strength Index (RSI) is at 35, signaling that AVAX may be oversold in the short term, while the 7-day RSI at 49 indicates a neutral momentum. Price changes over various time frames reflect a mixed sentiment, with a slight decline of 1.29% over the past week but a stronger 11.32% increase over the last month, suggesting some recovery potential.

Given that the all-time high for AVAX stands at $144.96, the current price represents a substantial decrease, indicating that the asset is currently undervalued compared to its historical performance. However, the recent price action and downward trend in moving averages highlight potential short-term challenges that investors must consider.

In conclusion, given the oversold condition reflected by the short-term RSI, combined with the recent price recovery over the past month, a cautious approach is warranted. Therefore, the rating for Avalanche (AVAX) is a Hold, suggesting that investors should closely monitor market conditions before making significant adjustments to their positions.