AVAX Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 0.70% | -25.87% | -40.79% | 70.58% | 13.01 bn | 0.77 bn |
Avalanche (AVAXUSDT) price over 7 days dropped -25.87% to 34.65 . For the record, AVAXUSDT is -76.25% below all-time high of 144.96.
Over the last 30 days, AVAX is down by -40.79% while 12-month period is up by 70.58%.
For the 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 0.70% over the past 24 hours. Our daily analysis is that the price action looks mixed.
Looking ahead for the day, immediate upside resistance level at 36.14 (R1) with break above could target 37.63 (R2), while on the downside we are looking at 32.93 (S1) or daily low of 32.70 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 31.21 (S2).
Key levels to watch out:
| R3 | 39.35 |
| R2 | 37.63 |
| R1 | 36.14 |
| Daily Pivot | 34.42 |
| S1 | 32.93 |
| S2 | 31.21 |
| S3 | 29.72 |
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.