Avalanche AVAX
Current Price
$9.11 -1.31%
$0.2100 Daily Range (2.31%)
$9.03$9.24
$187.04M Daily Volume
2,771 BTC
Vol/MktCap: 4.75%
Market Performance
0.51% Relative BTC Volume
The total volume of Avalanche is $187.04M over the past 24 hours, compared to $36.97B total Bitcoin volume.
Hourly Moving Average
8 SMA $9.16 -0.53%
13 SMA $9.14 -0.33%
21 SMA $9.15 -0.45%
55 SMA $9.20 -0.99%
144 SMA $9.16 -0.53%
Price Performance
-0.28% 1 Hour Change
$9.11 from $9.14
+2.94% 7 Day Change
$0.2679 from $8.84
-9.26% 14 Day Change
-$0.8435 from $9.95
-27.60% 30 Day Change
-$2.51 from $11.62
All Time High
November 21, 2021
$144.96 -93.72%
-$135.86 vs. now
24H Change
-51.99M USD -1.30%
-770 BTC
Volume and Supply
Total Supply: 463.44M AVAX 
431.77M 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
23.18 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
20.48M AVAX
traded over past 24 hours
4.74% 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 $9.13, reflecting a 24-hour decline of 1.54%. The asset has seen a daily range of $9.03 to $9.28, indicating relatively low volatility with a daily price movement of just 0.25%.
The trading volume stands at approximately $192.36 million, contributing to a volume-to-market cap ratio of 4.88%. This suggests a moderate level of trading activity, although the recent downtrend in price could be a concern for short-term traders.
Technical indicators show that the 1-hour RSI is at 53, indicating a neutral momentum for the asset. The 7-day RSI also aligns at 53, highlighting that AVAX is not overbought or oversold, which may suggest a consolidation phase.
In the past week, AVAX has appreciated by approximately 4.14%, but this is contrasted by a significant decline of 8.69% over the last two weeks and a staggering 27.32% drop over the past month. These declines point to potential bearish sentiment in the longer term, particularly as it remains significantly below its all-time high of $144.96 set in November 2021.
Short-term moving averages are showing negative trends, with the 8 SMA at $9.16, down 0.31%, and the 55 SMA at $9.20, down 0.77%. These indicators suggest that AVAX is currently trading below its short-term moving averages, which often signals a bearish trend.
Given the recent price action and the broader technical indicators, the outlook for Avalanche appears mixed. The asset's neutral RSI suggests that it could stabilize, but significant losses over longer periods indicate that caution is warranted.
In conclusion, the current analysis supports a Hold rating for AVAX. While there is potential for short-term gains, the overarching downtrend and longer-term price declines necessitate a cautious approach, making it prudent to wait for clearer bullish signals before considering a Buy.
The trading volume stands at approximately $192.36 million, contributing to a volume-to-market cap ratio of 4.88%. This suggests a moderate level of trading activity, although the recent downtrend in price could be a concern for short-term traders.
Technical indicators show that the 1-hour RSI is at 53, indicating a neutral momentum for the asset. The 7-day RSI also aligns at 53, highlighting that AVAX is not overbought or oversold, which may suggest a consolidation phase.
In the past week, AVAX has appreciated by approximately 4.14%, but this is contrasted by a significant decline of 8.69% over the last two weeks and a staggering 27.32% drop over the past month. These declines point to potential bearish sentiment in the longer term, particularly as it remains significantly below its all-time high of $144.96 set in November 2021.
Short-term moving averages are showing negative trends, with the 8 SMA at $9.16, down 0.31%, and the 55 SMA at $9.20, down 0.77%. These indicators suggest that AVAX is currently trading below its short-term moving averages, which often signals a bearish trend.
Given the recent price action and the broader technical indicators, the outlook for Avalanche appears mixed. The asset's neutral RSI suggests that it could stabilize, but significant losses over longer periods indicate that caution is warranted.
In conclusion, the current analysis supports a Hold rating for AVAX. While there is potential for short-term gains, the overarching downtrend and longer-term price declines necessitate a cautious approach, making it prudent to wait for clearer bullish signals before considering a Buy.
Updated 66 minutes ago.
Avalanche Relative Price at Market Cap of:
Avalanche TradingView Chart
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