BENQI Liquid Staked AVAX (SAVAX) is currently priced at $24.77, reflecting a slight 24-hour change of 1.13%. The daily trading range has been narrow, with a high of $24.98 and a low of $24.38, indicating low volatility in the market.

The trading volume stands at 1,085,275, representing 0.23% of the market cap, suggesting relatively low liquidity. Hourly moving averages show mixed signals; the 8 SMA and 13 SMA are indicating slight upward momentum, while the 55 SMA and 144 SMA are showing downward trends, particularly the 144 SMA which is down 7.25%.

The 1-hour RSI at 54 indicates a neutral position, suggesting potential for upward movement if momentum builds. However, the 7-day RSI at 44 is approaching oversold territory, highlighting a bearish sentiment over the past week, compounded by significant declines of 6.71% over the last 7 days, and more drastic drops of 33.11% and 41.69% over the 14-day and 30-day periods respectively.

Despite the recent uptick, the substantial drop from the all-time high of $103.55 in April 2022 suggests a prolonged bearish trend. This longer-term weakness indicates that while there may be short-term fluctuations, the overall sentiment remains negative as the price has failed to maintain upward momentum.

Given the current price action, mixed moving average signals, and bearish momentum indicators, a cautious approach is warranted. Therefore, the rating for SAVAX is Hold, as it is advisable to observe for potential stabilization before considering any new positions or exits.