Wrapped AVAX (WAVAX) is currently priced at $19.65, reflecting a 24-hour decline of 2.83%. The daily trading range has been relatively tight, with a high of $20.22 and a low of $18.55, indicating low volatility in the short term.

Volume stands at approximately $57.8 million, which represents 18.89% of the market cap, suggesting active trading but not overwhelming interest. The hourly moving averages show mixed signals; while the 8 SMA and 13 SMA indicate upward momentum, the 55 SMA and 144 SMA suggest a bearish trend in the longer term.

The 1-hour Relative Strength Index (RSI) is at 87, indicating potential overbought conditions, while the 7-day RSI at 46 suggests a neutral stance. The 7-day and 14-day price changes are negative, indicating a short-term bearish trend, with declines of approximately 9.92% and 18.83%, respectively.

Despite the short-term weaknesses, the 30-day price change shows a marginal increase of 0.40%. However, the significant drop from the all-time high of $2000.68 indicates a long-term bearish sentiment that cannot be ignored.

Considering the current market conditions and technical indicators, the recommendation is to Hold WAVAX. The short-term indicators present mixed signals, while the long-term trend remains bearish, warranting caution before making any aggressive trading decisions.