AVAX Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 0.89% | 0.44% | 38.01% | 223.61% | 20.44 bn | 0.51 bn |
Avalanche (AVAXUSDT) price over 7 days gained 0.44% to 54.31 . For the record, AVAXUSDT is -62.65% below all-time high of 144.96.
Over the last 30 days, AVAX is up by 38.01% while 12-month period is up by 223.61%.
For the week, our technical outlook suggests price consolidation while Avalanche is up over the last 7 days.
What can we expect from Avalanche today?
At time of writing, Avalanche has increased by 0.89% 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 55.18 (R1) with break above could target 56.05 (R2), while on the downside we are looking at 53.31 (S1) or daily low of 53.18 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 52.31 (S2).
Key levels to watch out:
| R3 | 57.05 |
| R2 | 56.05 |
| R1 | 55.18 |
| Daily Pivot | 54.18 |
| S1 | 53.31 |
| S2 | 52.31 |
| S3 | 51.44 |
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.