Avalanche price increased by 2.35% over the past 24 hours.

AVAX Analysis

Overall Performance
24-hr7-Day30-Day1-YearMkt Cap.24-hr Vol.
2.35%-4.85%54.24%223.97%20.90 bn0.62 bn

Avalanche (AVAXUSDT) price over 7 days dropped -4.85% to 55.41 . For the record, AVAXUSDT is -61.82% below all-time high of 144.96.

Over the last 30 days, AVAX is up by 54.24% while 12-month period is up by 223.97%.

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, however, Avalanche has increased by 2.35% over the past 24 hours. Our daily analysis is that the price action looks mixed.

Looking ahead on Monday, immediate upside resistance level at 56.68 (R1) with break above could target 57.94 (R2), while on the downside we are looking at 53.29 (S1) or daily low of 52.43 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 51.16 (S2).

Key levels to watch out:

R360.07
R257.94
R156.68
Daily Pivot54.55
S153.29
S251.16
S349.90

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.

Leave a comment

Your email address will not be published. Required fields are marked *