Avalanche price increased by 4.85% over the past 24 hours.
|24-hr||7-Day||30-Day||1-Year||Mkt Cap.||24-hr Vol.|
|4.85%||7.26%||-2.11%||-74.75%||5.64 bn||0.45 bn|
Avalanche (AVAXUSDT) price over 7 days gained 7.26% to 17.29. At time of writing, Avalanche has increased by 4.85% over the past 24 hours. For the record, AVAXUSDT is -88.03% below all-time high of 144.96.
On the daily timeframe, our analysis is that there could be selling pressure as the outlook looks bearish.
Over the last 30 days, AVAX is down by -2.11% while 12-month period is down by -74.75%.
What can we expect from Avalanche today?
Looking ahead for the day, immediate upside resistance level at 18.11 (R1) while on the downside, we are looking at daily low of 16.07 as an important support. Break below this level could weaken the current bullish momentum.
Key levels to watch out:
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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