Avalanche (AVAX) is currently trading at $13.70, reflecting a slight 24-hour change of 1.09%. The daily trading range has been tight, with a high of $13.91 and a low of $13.54, indicating low volatility in the short term.

Volume stands at 216,845,334, with a volume-to-market cap ratio of 3.67%, suggesting moderate trading activity relative to its market cap. The hourly moving averages show a bearish trend, with the 8 SMA at $13.81 indicating a decline of 0.77%, while the longer 144 SMA suggests a more significant drop of 2.03% at $13.98.

The 1-hour RSI at 53 indicates neutral momentum, while the 7-day RSI at 48 suggests a slight bearish sentiment. Over the past week, AVAX has seen a minimal price change of -0.00014, and a more notable decline of -1.75% over the last 14 days, indicating short-term selling pressure.

In contrast, the 30-day price change of approximately 21% indicates a strong recovery or bullish trend over a longer timeframe. However, the significant distance from its all-time high of $144.96, reached in November 2021, suggests that AVAX is still underperforming in the long-term perspective.

Considering the current market conditions, technical indicators, and volume analysis, a Hold rating is warranted. The asset shows some signs of recovery but lacks sufficient momentum and stability to warrant a Buy. A strategic approach would be to monitor for bullish signals or significant volume increases before re-evaluating a potential entry point.