Avalanche (AVAX) is currently priced at $13.64, reflecting a slight decline of 1.47% over the last 24 hours. The daily trading range has been narrow, with a high of $14.18 and a low of $13.55, indicating low volatility in the current market environment.

The trading volume stands at approximately $420.73 million, representing 7.17% of the market cap, suggesting moderate liquidity. Moving averages indicate a bearish sentiment, with the 8, 13, and 21-period SMAs showing declines of between 1.06% and 1.20%, while the 144 SMA has decreased by 2.38%, signaling that short-term trends are weakening.

Momentum indicators such as the 1-hour RSI at 47 and the 7-day RSI at 44 indicate a lack of strong buying or selling pressure, with the asset hovering near neutral territory. Over the past week, AVAX has decreased by 4.01%, but it has gained 7.24% over the last 14 days and 1.48% over the last 30 days, showcasing some resilience in the longer term despite recent short-term weakness.

With the all-time high for AVAX at $144.96, the current price reflects a significant drawdown, suggesting that the asset is undervalued compared to its historical performance. However, the current price action and technical indicators do not exhibit strong bullish signals, warranting caution for potential investors.

Given the bearish short-term momentum combined with neutral RSI readings and declining moving averages, the recommendation is to Hold AVAX for now. This strategy allows investors to avoid potential losses in the short term while monitoring for signs of recovery or bullish momentum in the coming weeks.