Avalanche (AVAX) is currently trading at $14.95, reflecting a notable 7.26% increase over the last 24 hours. The asset has maintained a daily range of $1.04, with a high of $14.97 and a low of $13.93, indicating strong volatility and investor interest.

The trading volume stands at approximately $499 million, representing 7.78% of its market cap, which suggests a healthy liquidity level. Short-term moving averages are showing bullish trends, particularly the 55 SMA at $14.26, which has increased by 4.84%, indicating upward momentum in price.

The 1-hour RSI is at 80, suggesting that AVAX is currently overbought in the short term, which could signal a price pullback. Conversely, the 7-day RSI at 64 shows a more stable bullish trend, indicating that momentum may sustain in the medium term.

Over the last week, AVAX has experienced a price increase of 3.80%, which contrasts sharply with the 14-day change of -13.01% and the 30-day change of -26.59%. This divergence highlights a potential recovery phase after a prolonged decline, but it also signals caution due to the longer-term downtrend.

Avalanche's all-time high remains significantly distant at $144.96, achieved in November 2021, indicating substantial room for growth if market conditions improve. However, the current price is still significantly below this level, suggesting that despite recent gains, the asset remains undervalued compared to its historical performance.

Given the current technical indicators, including strong short-term bullish signals and the significant overbought condition indicated by the 1-hour RSI, a cautious approach is warranted. Therefore, the recommendation for AVAX is to Hold, allowing for further confirmation of price stability and potential growth in the coming weeks.