AVAXUSDT Chart by TradingView
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 11.54% | -1.05% | -10.11% | -77.45% | 5.21 bn | 0.32 bn |
AVAX Analysis
Avalanche (AVAXUSDT) price over 7 days dropped -1.05% to 16.05. At time of writing, Avalanche has increased by 11.54% over the past 24 hours. For the record, AVAXUSDT is -88.95% below all-time high of 144.96.
On the daily timeframe, our analysis is that there is bullish momentum and price could continue to go higher.
Over the last 30 days, AVAX is down by -10.11% while 12-month period is down by -77.45%.
What can we expect from Avalanche today?
Looking ahead on Monday, immediate upside resistance level at 16.93 (R1) while on the downside, we are looking at daily low of 14.20 as an important support. Break below this level could weaken the current bullish momentum.
Key levels to watch out:
| R3 | 19.17 |
| R2 | 17.80 |
| R1 | 16.93 |
| Daily Pivot | 15.56 |
| S1 | 14.69 |
| S2 | 13.32 |
| S3 | 12.45 |
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.
