Recently, the price trend of AVAX has shown significant volatility, leaving investors perplexed. Over the past 30 days, AVAX has risen by 18.44%, but from a longer time span, it has actually fallen by 11.52% over the past six months. In the last 7 days, there has been a further fall of 10.97%, and this erratic trend has made it difficult for many investors to grasp.

The frequent fluctuations in prices reflect the extreme divergence of market sentiment. Although the weekly chart still presents some positive signals, the six-month chart indicates a continued downward trend, further exacerbating investor uncertainty.

Currently, the trading range of AVAX is mainly between 17 and 27 dollars. Market analysis shows that 33 dollars could be a key resistance level, and if this level is broken, the price may rise to around 43 dollars. On the other hand, 12 dollars is seen as an important support level, and even in the worst-case scenario, 1.5 dollars may provide some bottom support.

In terms of technical indicators, both the momentum indicators and oscillators show a bearish trend. The Relative Strength Index ( RSI ) is currently hovering around 46, indicating that the market is in a relatively neutral state with no obvious directional signals.

Given the current lack of a clear long-term trend, it may be wiser to adopt a range trading strategy in the short term. Investors can consider buying when prices are low and taking moderate profits when prices rise. However, it is important to note that the cryptocurrency market is highly volatile, and investors need to remain vigilant, avoid excessive greed, and adjust their strategies in a timely manner to adapt to market changes.