Avalanche AVAX
Current Price
$8.89 -2.11%
$0.4200 Daily Range (4.72%)
$8.73$9.15
$246.49M Daily Volume
3,552 BTC
Vol/MktCap: 6.42%
Market Performance
0.47% Relative BTC Volume
The total volume of Avalanche is $246.49M over the past 24 hours, compared to $52.80B total Bitcoin volume.
Hourly Moving Average
8 SMA $9.02 -1.45%
13 SMA $9.05 -1.77%
21 SMA $8.97 -0.94%
55 SMA $9.08 -2.09%
144 SMA $9.16 -2.98%
Price Performance
-0.78% 1 Hour Change
$8.89 from $8.96
-12.48% 7 Day Change
-$1.11 from $10.00
-24.34% 14 Day Change
-$2.16 from $11.05
-35.34% 30 Day Change
-$3.14 from $12.03
All Time High
November 21, 2021
$144.96 -93.87%
-$136.07 vs. now
24H Change
-98.55M USD -2.50%
-1,420 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
23.19 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
27.57M AVAX
traded over past 24 hours
6.39% 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 $9.08, reflecting a slight decline of 0.20% over the past 24 hours. The daily range has been limited, with a high of $9.18 and a low of $8.73, indicating reduced volatility in the current market conditions.
Trading volume stands at approximately 264.14 million, representing a volume-to-market cap ratio of 6.74%. This level of activity suggests moderate interest but may not be sufficient to spur a significant price movement in either direction, given the broader market context.
The short-term moving averages indicate a mixed sentiment: the 8 SMA is at $8.87 with a positive trend of +2.36%, while the 144 SMA at $9.24 shows a negative trend of -1.73%. The presence of multiple moving averages converging around the current price suggests a potential consolidation phase, where buyers and sellers are in a stalemate.
Momentum indicators like the 1-hour RSI at 44 and the 7-day RSI at 45 point towards a lack of strong momentum, confirming that AVAX is neither in overbought nor oversold territory. The recent price declines over the past week (-10.71%), two weeks (-22.70%), and month (-33.72%) reinforce bearish sentiment, suggesting persistent downward pressure.
Given the substantial drop from its all-time high of $144.96 in November 2021, investor confidence appears shaken, contributing to the ongoing price weakness. The technical analysis indicates resistance around $9.24 and support near $8.73, which could be pivotal for upcoming trading sessions.
In conclusion, while AVAX shows some short-term positive movements, the overall trend remains bearish with weak momentum indicators and significant price declines over various timeframes. Therefore, I rate Avalanche (AVAX) as a Sell, as the risk of further declines outweighs potential short-term gains, and market conditions do not indicate a clear reversal in sentiment at this time.
Trading volume stands at approximately 264.14 million, representing a volume-to-market cap ratio of 6.74%. This level of activity suggests moderate interest but may not be sufficient to spur a significant price movement in either direction, given the broader market context.
The short-term moving averages indicate a mixed sentiment: the 8 SMA is at $8.87 with a positive trend of +2.36%, while the 144 SMA at $9.24 shows a negative trend of -1.73%. The presence of multiple moving averages converging around the current price suggests a potential consolidation phase, where buyers and sellers are in a stalemate.
Momentum indicators like the 1-hour RSI at 44 and the 7-day RSI at 45 point towards a lack of strong momentum, confirming that AVAX is neither in overbought nor oversold territory. The recent price declines over the past week (-10.71%), two weeks (-22.70%), and month (-33.72%) reinforce bearish sentiment, suggesting persistent downward pressure.
Given the substantial drop from its all-time high of $144.96 in November 2021, investor confidence appears shaken, contributing to the ongoing price weakness. The technical analysis indicates resistance around $9.24 and support near $8.73, which could be pivotal for upcoming trading sessions.
In conclusion, while AVAX shows some short-term positive movements, the overall trend remains bearish with weak momentum indicators and significant price declines over various timeframes. Therefore, I rate Avalanche (AVAX) as a Sell, as the risk of further declines outweighs potential short-term gains, and market conditions do not indicate a clear reversal in sentiment at this time.
Updated 424 minutes ago.
Avalanche Relative Price at Market Cap of:
Avalanche TradingView Chart
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