Avalanche (AVAX) is currently priced at $10.16, reflecting a significant decline of 6.28% over the last 24 hours. The price has fluctuated within a range of $10.87 (high) and $9.58 (low) during this period, indicating volatility with a daily range of 1.29%.

Trading volume stands at approximately 692.2 million, representing 15.77% of the market cap, suggesting robust activity that may influence price direction. The hourly moving averages show mixed signals: the 8 SMA at $9.93 indicates a short-term bullish trend, while the longer-term averages (55 SMA at $10.71 and 144 SMA at $11.39) display bearish momentum, particularly in the 14-day period with a price change of -26.05%.

The Relative Strength Index (RSI) readings further underscore the bearish sentiment, with the 1-hour RSI at 35, suggesting oversold conditions, while the 7-day RSI at 42 indicates weak momentum. The 7-day price change of -15.59% and 30-day change of -25.44% highlight a sustained downward trajectory, reinforcing the current market weakness.

Given these indicators, the technical outlook for AVAX shows a lack of bullish momentum, as the price remains significantly below its all-time high of $144.96. While there may be short-term trading opportunities due to oversold conditions, the broader trend remains negative with continued selling pressure.

In conclusion, I rate Avalanche (AVAX) as a Sell at the current price of $10.16, as the downward trend is supported by both technical and fundamental data. Investors should consider exiting positions until clearer signs of a trend reversal emerge, particularly with the long-term moving averages indicating further declines.