Avalanche price increased by 0.51% over the past 24 hours.

Avalanche price increased by 0.51% over the past 24 hours.

Performance after Monday 08-Aug
Period Pct Chg Momentum
Monday 0.04% 0.01
Week to-date -0.36% -0.1
August 17.20% 4.08

AVAX Analysis

Avalanche (AVAXUSDT) price for the week to-date dropped -0.36% or -0.1 lower to 27.80. At time of writing into Tuesday’s trading session, Avalanche has increased by 0.51% over the past 24 hours. For the record, AVAXUSDT is -80.82% below all-time high of 144.96. On Monday, AVAX rose 0.04% to 27.91.

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

For the month-to-date, AVAX is up by 17.20% or 4.08 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 30.89 or trades above daily pivot 28.79. and daily low of 27.57 and 26.69 (S1) as key support levels. Avalanche need to break on either side to indicate a short-term bias. A break above 30.89 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Avalanche is falling as the pair posted lower, down by -0.36%. Prior performance for the week ending 2022-08-07 was 17.62%.

Key levels to watch out:

R3 33.33
R2 32.11
R1 30.01
Daily Pivot 28.79
S1 26.69
S2 25.47
S3 23.37

Last updated: 03:06 am UTC, 09-Aug 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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