Avalanche price decreased by -4.77% over the past 24 hours.

AVAX Analysis

Overall Performance
24-hr7-Day30-Day1-YearMkt Cap.24-hr Vol.
-4.77%-3.01%8.36%178.78%15.60 bn0.53 bn

Avalanche (AVAXUSDT) price over 7 days dropped -3.01% to 40.95 . For the record, AVAXUSDT is -71.40% below all-time high of 144.96.

Over the last 30 days, AVAX is up by 8.36% while 12-month period is up by 178.78%.

For the new week, our technical outlook looks uncertain as Avalanche is not performing well over the last 7 days.

What can we expect from Avalanche today?

At time of writing, Avalanche has decreased by -4.77% over the past 24 hours. Our daily analysis is that there could be selling pressure.

Looking ahead on Monday, immediate support level is at 39.33 (S1) with break below could see further selling pressure towards 37.71 (S2). As the current momentum is stalling, we prefer to look at firm break of the recent daily high of 43.93 as a possible indicator of buying interest. Break above could target 45.55. Rejection from the resistance level could suggest price consolidation.

Key levels to watch out:

Daily Pivot41.63

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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