Avalanche (AVAX) is currently priced at $9.38, reflecting a significant 13.04% increase over the past 24 hours. The price has shown strong volatility within this period, with a high of $9.35 and a low of $8.21, indicating a daily range of 1.14%.

The trading volume stands at approximately $387 million, representing 9.57% of the market cap, which suggests healthy trading activity. Short-term moving averages are bullish, with the 8 SMA at $8.64 (+8.52%), 13 SMA at $8.58 (+9.33%), and 21 SMA at $8.49 (+10.47%), indicating upward momentum.

The 1-hour Relative Strength Index (RSI) is at an elevated 86, signaling that AVAX may be overbought in the very short term. However, the 7-day RSI is at a more neutral 54, suggesting that there is room for further gains without immediate overextension.

In terms of price changes, the 7-day price increase of 3.63% and the 14-day increase of 9.37% indicate a positive short to mid-term trend, although the 30-day change of -19.46% highlights a broader context of decline. The current price remains significantly below its all-time high of $144.96, suggesting potential for recovery if market conditions improve.

Given the strong recent performance, bullish moving averages, and positive short-term RSI readings, the outlook for AVAX appears favorable. Therefore, the recommendation is to Buy, taking advantage of the current momentum while closely monitoring for potential corrections in the short term.