$AVAX In terms of technical indicators, the 1-hour RSI of AVAX is reading 42.55, suggesting that the asset is slightly oversold, but not by an extreme amount. This could indicate potential for a short-term bounce, although the move could be minor unless further buying pressure emerges.
In addition, the 1-hour MACD trading below its signal line suggests that the downward momentum will continue in the short term, keeping the price under pressure.
