Wrapped AVAX (WAVAX) is currently trading at $18.03, reflecting a slight decrease of -0.18005% over the past 24 hours. The daily trading range has been relatively tight, with a high of $18.17 and a low of $17.68, indicating low volatility with a range of only 0.49%.

The trading volume stands at approximately 19,083,207, with a volume-to-market cap ratio of 6.76%, suggesting moderate liquidity. The hourly moving averages show mixed signals: the 8 SMA is at $17.97 (+0.36%), the 13 SMA at $17.91 (+0.65%), while the 55 SMA is at $18.26 (-1.27%) and the 144 SMA at $18.84 (-4.28%), indicating a short-term bullish sentiment against a more bearish longer-term trend.

Momentum indicators show a 1-hour RSI of 51, suggesting a neutral stance, while the 7-day RSI at 45 indicates a potential oversold condition. The price has declined by 3.44% over the last week and 4.54% over the last 14 days, with a more significant decline of 19.70% over the past month, signaling a longer-term bearish trend.

Despite the current price being significantly lower than its all-time high of $2000.68, the recent price action suggests that WAVAX may be stabilizing after a prolonged downtrend. If the price can hold above the 8 and 13 SMAs, it may indicate a short-term reversal, but significant resistance remains at the 55 SMA level.

Given the current technical indicators and price action, the recommendation is to Hold WAVAX. This position allows for potential short-term gains if it breaks above the recent resistance levels, while still monitoring for any further bearish signals that could necessitate a reevaluation of the position.