Avalanche price increased by 12.11% over the past 24 hours.

Avalanche price increased by 12.11% over the past 24 hours.

Overall Performance
24-hr 7-Day 30-Day 1-Year Mkt Cap. 24-hr Vol.
12.11% 21.02% -9.61% -77.45% 5.83 bn 0.33 bn

AVAX Analysis

Avalanche (AVAXUSDT) price over 7 days gained 21.02% to 17.87. At time of writing, Avalanche has increased by 12.11% over the past 24 hours. For the record, AVAXUSDT is -87.64% below all-time high of 144.96.

Over the last 30 days, AVAX is down by -9.61% while 12-month period is down by -77.45%.

What can we expect from Avalanche today?

On the daily timeframe, our analysis is that there could be selling pressure.

Looking ahead for the day, immediate upside resistance level at 18.78 (R1) with break above could target 19.68 (R2 while on the downside, we are looking at daily low of 15.91 as an important support. Break below this level could weaken the current bullish momentum.

Key levels to watch out:

R3 21.12
R2 19.68
R1 18.78
Daily Pivot 17.34
S1 16.44
S2 15.00
S3 14.10

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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