Avalanche price increased by 5.06% over the past 24 hours.

Avalanche price increased by 5.06% over the past 24 hours.

Performance after Tuesday 22-Nov
Period Pct Chg Momentum
Tuesday 0.17% 0.02
Week to-date 2.13% 0.26
November -35.43% -6.83

AVAX Analysis

Avalanche (AVAXUSDT) price for the week to-date gained 2.13% or 0.26 higher to 12.45. At time of writing into Wednesday’s trading session, Avalanche has increased by 5.06% over the past 24 hours. For the record, AVAXUSDT is -91.41% below all-time high of 144.96. On Tuesday, AVAX rose 0.17% to 11.84.

On the daily timeframe, price is below 9-Day EMA and Stochastic oscillator is falling but in oversold zone, our analysis is that there could be selling pressure as the outlook looks bearish.

For the month-to-date, AVAX is down by -35.43% or -6.83 lower.

What can we expect from Avalanche today?

Looking ahead for the day, we are looking at 12.20 or 12.00 (R1) as important resistance levels and daily low of 11.78 and 11.73 (S1) as key support levels. Avalanche need to break on either side to indicate a short-term bias. A break above 12.05 would suggest bullish bias after recent positive movement.

For the week to-date, take note that Avalanche is rising and up by 2.13% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2022-11-20 was -6.37%.

Key levels to watch out:

R3 12.27
R2 12.16
R1 12.00
Daily Pivot 11.89
S1 11.73
S2 11.62
S3 11.46

Last updated: 01:27 am UTC, 23-Nov 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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