Avalanche AVAX
Current Price
$10.07 -0.39%
$0.5400 Daily Range (5.36%)
$9.57$10.11
$495.40M Daily Volume
6,362 BTC
Vol/MktCap: 11.40%
Market Performance
0.58% Relative BTC Volume
The total volume of Avalanche is $495.40M over the past 24 hours, compared to $85.98B total Bitcoin volume.
Hourly Moving Average
8 SMA $9.87 +2.05%
13 SMA $9.91 +1.60%
21 SMA $9.91 +1.64%
55 SMA $10.11 -0.39%
144 SMA $10.97 -8.19%
Price Performance
+1.05% 1 Hour Change
$10.07 from $9.97
-13.52% 7 Day Change
-$1.36 from $11.43
-20.73% 14 Day Change
-$2.09 from $12.16
-29.54% 30 Day Change
-$2.97 from $13.04
All Time High
November 21, 2021
$144.96 -93.07%
-$134.92 vs. now
24H Change
-18.90M USD -0.43%
-243 BTC
Volume and Supply
Total Supply: 463.35M AVAX 
431.70M AVAX Available93.17% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
23.19 x BTC Supply23:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
50.35M AVAX
traded over past 24 hours
11.66% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Avalanche AI Market Analysis
Avalanche (AVAX) is currently trading at $9.83, reflecting a 3.12% decline over the past 24 hours. The price has fluctuated between a daily high of $10.21 and a low of $9.57, indicating a relatively narrow daily range of 0.64%, which suggests low volatility in the current market environment.
The trading volume stands at approximately $471.86 million, contributing to a volume-to-market cap ratio of 11.13%. This level of volume indicates active trading but does not imply significant bullish momentum, especially given the downward price trend observed over the past seven days, where AVAX has decreased by about 15.73%.
From a technical standpoint, the hourly moving averages show a bearish trend, with the 8 SMA at $9.93 and the 55 SMA indicating a significant resistance level at $10.22. The 144 SMA at $11.05 further indicates a longer-term bearish trend, as it is down 11% from the current price, reinforcing the lack of short-term bullish signals.
The Relative Strength Index (RSI) readings indicate that the asset is approaching oversold conditions, with the 1-hour RSI at 49 and the 7-day RSI at 39. This weak RSI suggests that selling pressure may be subsiding, but with a strong downtrend over the past 30 days, caution is warranted before making bullish bets.
Avalanche's all-time high of $144.96 reached in November 2021 seems distant, with current price levels reflecting a decline of approximately 93.2%. Given the significant downtrend in both short-term and medium-term price changes, alongside resistance levels indicated by moving averages, a cautious approach is advised.
In conclusion, the current market conditions for AVAX present limited upside potential, and given the bearish indicators across technical analyses, I recommend a Sell rating. The price trend, coupled with the resistance levels and overall market sentiment, suggests that further declines may be likely before a potential recovery.
The trading volume stands at approximately $471.86 million, contributing to a volume-to-market cap ratio of 11.13%. This level of volume indicates active trading but does not imply significant bullish momentum, especially given the downward price trend observed over the past seven days, where AVAX has decreased by about 15.73%.
From a technical standpoint, the hourly moving averages show a bearish trend, with the 8 SMA at $9.93 and the 55 SMA indicating a significant resistance level at $10.22. The 144 SMA at $11.05 further indicates a longer-term bearish trend, as it is down 11% from the current price, reinforcing the lack of short-term bullish signals.
The Relative Strength Index (RSI) readings indicate that the asset is approaching oversold conditions, with the 1-hour RSI at 49 and the 7-day RSI at 39. This weak RSI suggests that selling pressure may be subsiding, but with a strong downtrend over the past 30 days, caution is warranted before making bullish bets.
Avalanche's all-time high of $144.96 reached in November 2021 seems distant, with current price levels reflecting a decline of approximately 93.2%. Given the significant downtrend in both short-term and medium-term price changes, alongside resistance levels indicated by moving averages, a cautious approach is advised.
In conclusion, the current market conditions for AVAX present limited upside potential, and given the bearish indicators across technical analyses, I recommend a Sell rating. The price trend, coupled with the resistance levels and overall market sentiment, suggests that further declines may be likely before a potential recovery.
Updated 355 minutes ago.
Avalanche Relative Price at Market Cap of:
Avalanche TradingView Chart
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