AVAX at $11.16 facing resistance, overbought with RSI at 72. Break or breakdown imminent as rally loses steam.
The cryptocurrency AVAX surged by 4.12% to reach $11.16. However, the Relative Strength Index (RSI) stands at 72, indicating overbought conditions, while the MACD momentum is stagnant. With the price approaching a resistance zone between $11.40 and $11.64, the current rally may lose momentum soon. If the price manages to surpass $11.64, it could potentially...