Avalanche price increased by 2.81% over the past 24 hours.

Avalanche price increased by 2.81% over the past 24 hours.

AVAX Analysis

Overall Performance
24-hr 7-Day 30-Day 1-Year Mkt Cap. 24-hr Vol.
2.81% -6.90% -10.33% -80.86% 5.36 bn 0.18 bn

Avalanche (AVAXUSDT) price over 7 days dropped -6.90% to 17.21 . For the record, AVAXUSDT is -88.64% below all-time high of 144.96.

Over the last 30 days, AVAX is down by -10.33% while 12-month period is down by -80.86%.

For the week, our technical analysis on the price action looks pressured towards the downside as Avalanche is not performing well over the last 7 days.

AVAXUSDT 4-hour Chart by TradingView

What can we expect from Avalanche today?

At time of writing, Avalanche has increased by 2.81% over the past 24 hours. Our analysis is that the price action looks mixed.

Looking ahead for the day, immediate upside resistance level at 17.51 (R1) with break above could target 17.81 (R2), while on the downside we are looking at daily low of 16.71 as an important support. Break below this level could weaken the current bullish momentum.

Key levels to watch out:

R3 18.21
R2 17.81
R1 17.51
Daily Pivot 17.11
S1 16.81
S2 16.41
S3 16.11

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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