$AVAX
AVAX has experienced a 4.7% decline in the past 24 hours, which seems to reveal that the recent selling momentum may just be an overreaction of the market. For investors who are looking for a price rebound, this decline undoubtedly provides them with a potential entry opportunity.
AVAX's momentum indicator is currently sending a buy signal, indicating that there is still positive momentum in the market even in oversold conditions. In addition, the Williams Percent Range momentum indicator also gives a buy prompt, further confirming that AVAX is currently oversold.
Although the moving averages show a recent downward trend, the oversold RSI (Relative Strength Index) and positive momentum indicators reveal the potential for a bullish reversal. It is worth noting that the market's RSI average is currently 34.76, which further reinforces that AVAX is more oversold relative to the overall market, thereby increasing its chances of a rebound.
