Avalanche price increased by 2.49% over the past 24 hours.
|24-hr||7-Day||30-Day||1-Year||Mkt Cap.||24-hr Vol.|
|2.49%||10.62%||20.60%||-36.72%||4.35 bn||0.16 bn|
Avalanche (AVAXUSDT) price over 7 days gained 10.62% to 12.34 for the week ending 2023-11-05. For the record, AVAXUSDT is -91.56% below all-time high of 144.96.
Over the last 30 days, AVAX is up by 20.60% while 12-month period is down by -36.72%.
For the week, our technical outlook seems stronger towards the upside as Avalanche is up over the last 7 days.
What can we expect from Avalanche today?
At time of writing, Avalanche has increased by 2.49% over the past 24 hours. Our daily analysis is that traders are more interested in accumulating AVAX than selling.
Looking ahead for the day, immediate upside resistance level at 12.52 (R1) with break above could target 12.70 (R2), while on the downside we are looking at 12.04 (S1) or daily low of 11.92 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 11.74 (S2).
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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