Avalanche price decreased by -4.21% over the past 24 hours.

Avalanche price decreased by -4.21% over the past 24 hours.

Performance after Wednesday 20-Jul
Period Pct Chg Momentum
Wednesday -4.57% -1.13
Week to-date 15.80% 3.26
July 40.61% 6.9

AVAX Analysis

Avalanche (AVAXUSDT) price for the week to-date gained 15.80% or 3.26 higher to 23.89. At time of writing into Thursday’s trading session, Avalanche has decreased by -4.21% over the past 24 hours. For the record, AVAXUSDT is -83.52% below all-time high of 144.96. On Wednesday, AVAX dropped -4.57% to 23.59.

On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is falling, our analysis is that bullish momentum could be fading.

For the month-to-date, AVAX is up by 40.61% or 6.9 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 26.38 or trades above daily pivot 24.44. and daily low of 23.35 and 22.50 (S1) as key support levels. Avalanche need to break on either side to indicate a short-term bias. A close below 23.35 would indicate selling pressure.

For the week to-date, take note that Avalanche is rising and up by 15.80% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-07-17 was 7.67%.

Key levels to watch out:

R3 28.56
R2 27.47
R1 25.53
Daily Pivot 24.44
S1 22.50
S2 21.41
S3 19.47

Last updated: 02:21 am UTC, 21-Jul 2022

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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