Avalanche (AVAX) is currently trading at $13.34, down 3.06% over the last 24 hours. The asset has experienced a daily range of $0.93, with a high of $13.77 and a low of $12.84, indicating moderate volatility in the short term.

Trading volume stands at approximately $346.56 million, representing 6.05% of the market cap, which suggests a healthy liquidity level. The short-term moving averages are showing mixed signals; while the 8 SMA and 13 SMA are positive, the longer-term averages such as the 55 SMA and 144 SMA are indicating bearish momentum.

The 1-hour RSI is at 82, suggesting that AVAX is currently overbought in the very short term. Conversely, the 7-day RSI is at 50, indicating a neutral stance, while the 14-day price change is down 10.40%, pointing to a bearish trend over a more extended period.

The 30-day price change shows a decline of 24.20%, reinforcing a longer-term bearish outlook. Despite a slight recovery over the past week, the overall trend remains negative, particularly when compared to the all-time high of $144.96 from November 2021.

Based on this analysis, a Hold rating is appropriate at this time. The short-term indicators suggest potential for upward movement, but the longer-term trends indicate significant bearish pressure, warranting caution before making any new investments.