Avalanche AVAX
Current Price
$9.02 -4.60%
$0.6000 Daily Range (6.65%)
$8.94$9.54
$308.86M Daily Volume
4,350 BTC
Vol/MktCap: 7.92%
Market Performance
0.78% Relative BTC Volume
The total volume of Avalanche is $308.86M over the past 24 hours, compared to $39.77B total Bitcoin volume.
Hourly Moving Average
8 SMA $9.17 -1.61%
13 SMA $9.21 -2.06%
21 SMA $9.29 -2.86%
55 SMA $9.05 -0.28%
144 SMA $9.02 -0.02%
Price Performance
-0.43% 1 Hour Change
$9.02 from $9.06
+2.56% 7 Day Change
$0.2313 from $8.79
-5.86% 14 Day Change
-$0.5288 from $9.55
-4.51% 30 Day Change
-$0.4066 from $9.43
All Time High
November 21, 2021
$144.96 -93.77%
-$135.93 vs. now
24H Change
-186.60M USD -4.57%
-2,628 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
23.16 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
33.43M AVAX
traded over past 24 hours
7.74% 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 $8.97, reflecting a 24-hour decline of 4.13%. The price has remained relatively stable within a narrow daily range of $0.56, with a high of $9.54 and a low of $8.98, indicating a lack of strong buying momentum.
The trading volume stands at approximately $337.73 million, representing a volume-to-market cap ratio of 8.70%, which suggests moderate investor interest. However, the short-term moving averages show a bearish trend; the 8-day and 13-day SMAs are both below the current price, indicating potential continued downward pressure.
The 1-hour Relative Strength Index (RSI) at 26 suggests that AVAX is currently oversold, which could lead to a short-term price rebound if buying interest returns. In contrast, the 7-day RSI at 51 indicates neutrality, while the longer-term 14-day and 30-day changes of -7.33% and -2.97% suggest a bearish sentiment in the market.
Avalanche's all-time high of $144.96 reached in November 2021 highlights the significant downside potential from the current price level. This drastic decline underscores the need for caution as the asset remains under considerable pressure, with no clear signs of a reversal yet.
Given the current technical indicators, particularly the bearish moving averages and oversold RSI, it is advisable to adopt a cautious stance. Therefore, the rating for Avalanche (AVAX) is a Hold, as while the asset may be poised for a short-term recovery, the overall trend remains negative, and a confirmation of upward momentum is necessary before considering a Buy.
The trading volume stands at approximately $337.73 million, representing a volume-to-market cap ratio of 8.70%, which suggests moderate investor interest. However, the short-term moving averages show a bearish trend; the 8-day and 13-day SMAs are both below the current price, indicating potential continued downward pressure.
The 1-hour Relative Strength Index (RSI) at 26 suggests that AVAX is currently oversold, which could lead to a short-term price rebound if buying interest returns. In contrast, the 7-day RSI at 51 indicates neutrality, while the longer-term 14-day and 30-day changes of -7.33% and -2.97% suggest a bearish sentiment in the market.
Avalanche's all-time high of $144.96 reached in November 2021 highlights the significant downside potential from the current price level. This drastic decline underscores the need for caution as the asset remains under considerable pressure, with no clear signs of a reversal yet.
Given the current technical indicators, particularly the bearish moving averages and oversold RSI, it is advisable to adopt a cautious stance. Therefore, the rating for Avalanche (AVAX) is a Hold, as while the asset may be poised for a short-term recovery, the overall trend remains negative, and a confirmation of upward momentum is necessary before considering a Buy.
Updated 212 minutes ago.
Avalanche Relative Price at Market Cap of:
Avalanche TradingView Chart
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