Avalanche (AVAX) is currently priced at $9.12, reflecting a 2.74% increase over the last 24 hours. The asset has traded within a daily range of $8.86 to $9.34, demonstrating relatively stable price action with a daily volatility of 0.48%.

The trading volume for AVAX stands at approximately $305.91 million, which represents 7.76% of its market cap. This volume suggests healthy trading activity, indicating investor interest, particularly given the recent price uptick.

Technical indicators show mixed signals; the 1-hour Relative Strength Index (RSI) is at 62, suggesting near-term bullish momentum. However, the 7-day RSI at 46 indicates a lack of strength in the medium-term, with the price having declined by 0.56% over the past week and 24.74% over the last 30 days.

Moving averages reveal further divergence: the 8 SMA is slightly bullish at $9.11, while the 13 SMA shows a slight bearish trend at $9.13. The longer-term SMAs, such as the 21 SMA at $9.04 and the 55 SMA at $8.95, reflect a strengthening trend, but the 144 SMA at $9.15 indicates potential resistance.

Fundamentally, the price remains significantly below its all-time high of $144.96, which could imply a long-term undervaluation. While recent performance has been bearish, the current price may present an attractive entry point for longer-term investors.

Given the combination of a recent upward movement in price, healthy trading volume, and mixed technical indicators, a cautious approach is warranted. Therefore, the recommendation is to Hold AVAX, as it may be poised for a rebound but requires confirmation of sustained momentum before any aggressive buying strategies are employed.