Avalanche price decreased by -0.82% over the past 24 hours.

Avalanche price decreased by -0.82% over the past 24 hours.

Performance after Saturday 28-Jan
Period Pct Chg Momentum
Saturday -1.37% -0.29
Week to-date 19.20% 3.33
January 89.63% 9.77

AVAX Analysis

Avalanche (AVAXUSDT) price for the week to-date gained 19.20% or 3.33 higher to 20.67. At time of writing into Sunday’s trading session, Avalanche has decreased by -0.82% over the past 24 hours. For the record, AVAXUSDT is -85.74% below all-time high of 144.96. On Saturday, AVAX dropped -1.37% to 20.91.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising but in overbought zone, our analysis is that there is bullish momentum and price could continue to go higher.

For the month-to-date, AVAX is up by 89.63% or 9.77 higher.

What can we expect from Avalanche today?

Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 21.81 or trades above daily pivot 21.06. and daily low of 20.47 and 20.32 (S1) as key support levels. Avalanche need to break on either side to indicate a short-term bias. A close below 20.47 would indicate selling pressure.

For the week to-date, take note that Avalanche is rising and up by 19.20% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-01-22 was 3.21%.

Key levels to watch out:

R3 23.00
R2 22.40
R1 21.66
Daily Pivot 21.06
S1 20.32
S2 19.72
S3 18.98

Last updated: 01:27 am UTC, 29-Jan 2023

About Avalanche

Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.Mainnet was launched in September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe. Decentralized finance (DeFi) applications can be found on Avalanche such as Pangolin, TraderJoe, and more.

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