BENQI Liquid Staked AVAX Price Analysis: sAVAX Shows Bullish Rebound for October 18, 2025
sAVAX shows strong short-term bullish signals with a positive MACD and RSI. Our October 18, 2025 analysis explores key support and resistance levels for sAVAX.
sAVAX Sees Strong Short-Term Recovery
BENQI Liquid Staked AVAX (sAVAX), a prominent liquid staking token within the Avalanche ecosystem, is exhibiting strong short-term bullish momentum. As of October 18, 2025, the asset is attempting a significant recovery after a period of steep declines. While technical indicators point towards potential further upside, this rally is contextualized by recent market volatility, suggesting a cautious approach is warranted.
Current Market Standing
sAVAX is currently trading at approximately $29.35, marking a notable 3.98% increase over the past 24 hours. This positive performance has contributed to its market capitalization of $456.8 million, placing it at rank 199 in the crypto market. The 24-hour trading volume stands at a healthy $6.24 million, indicating renewed interest from traders. However, it's crucial to note that this recent surge follows a challenging period, with the token still down 22.66% over the last seven days and 19.02% over the past month.
Technical Analysis: Bullish Signals Emerge
Several key technical indicators support the current bullish outlook for sAVAX. The combination of these signals suggests that buying pressure is currently outweighing selling pressure.
- Moving Averages: A classic bullish signal has occurred with the fast moving average ($27.91) crossing above the slow moving average ($27.68). This crossover often indicates a potential shift in trend from bearish to bullish.
- MACD: The Moving Average Convergence Divergence (MACD) histogram is positive at 0.0548. This confirms the increasing upward momentum and reinforces the bullish crossover seen in the moving averages.
- RSI: The Relative Strength Index (RSI) is at 62.97. This value indicates strong buying momentum without being in the overbought territory (typically above 70), which suggests there may be more room for price appreciation before the asset becomes overextended.
For more detailed data, you can visit the BENQI Liquid Staked AVAX (sAVAX) page.
Key Levels and Risk Profile
Despite the positive indicators, the asset's medium-risk profile cannot be ignored. The recent 7-day volatility of over 4% highlights the choppy market conditions sAVAX has been navigating. Traders are closely watching key price levels to determine the sustainability of this rally.
- Support Levels: The primary support level is identified at $28.50. A more significant support zone lies near the slow moving average at approximately $27.68. A break below these levels could invalidate the current bullish thesis.
- Resistance Levels: On the upside, sAVAX faces immediate resistance at the $30.00 psychological level, followed by a stronger barrier at $30.50. A decisive break above this area is necessary to confirm a continuation of the uptrend.
What to Watch Next
BENQI Liquid Staked AVAX is at a critical juncture. The short-term technicals are decidedly bullish, but they are fighting against the backdrop of a significant recent downtrend. The broader market sentiment, fueled by positive news regarding institutional crypto adoption, could provide a tailwind for assets like sAVAX. The key factor to watch will be whether the price can breach and hold above the $30.50 resistance. Failure to do so, or a drop below the $28.50 support, would suggest the recent rally was a temporary bounce rather than a sustained reversal.