Avalanche AVAX
Current Price
$9.40 -0.41%
$0.3200 Daily Range (3.40%)
$9.22$9.54
$170.55M Daily Volume
2,329 BTC
Vol/MktCap: 4.20%
Market Performance
0.69% Relative BTC Volume
The total volume of Avalanche is $170.55M over the past 24 hours, compared to $24.56B total Bitcoin volume.
Hourly Moving Average
8 SMA $9.31 +0.93%
13 SMA $9.31 +0.96%
21 SMA $9.35 +0.49%
55 SMA $9.31 +0.91%
144 SMA $9.18 +2.39%
Price Performance
-0.13% 1 Hour Change
$9.40 from $9.41
+5.10% 7 Day Change
$0.4796 from $8.92
+5.61% 14 Day Change
$0.5277 from $8.87
-2.06% 30 Day Change
-$0.1935 from $9.59
All Time High
November 21, 2021
$144.96 -93.53%
-$135.57 vs. now
24H Change
-15.80M USD -0.39%
-216 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
18.18M AVAX
traded over past 24 hours
4.21% 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 $9.28, reflecting a 1.98% decrease over the past 24 hours. The daily price range has been relatively narrow, with a high of $9.54 and a low of $9.22, indicating a consolidation phase in the market.
The trading volume stands at approximately $175.23 million, with a volume-to-market cap ratio of 4.38%. This suggests moderate trading activity, yet it may not be sufficient to drive significant price movements in the short term, as the market seems to be in a wait-and-see mode.
Technical indicators reveal a bearish sentiment in the short term, with the 8 SMA and 13 SMA both showing negative trends. The 1-hour RSI at 16 indicates a significant oversold condition, which may lead to a potential short-term rebound, but caution is advised given the overall negative trend in shorter moving averages.
On the other hand, the 7-day RSI at 53 suggests a neutral position, indicating that there may still be room for upward momentum. The 7-day price change of approximately 4.59% reflects some recovery, contrasting with the 30-day change of -2.96%, which suggests that longer-term sentiment remains bearish.
Avalanche's all-time high of $144.96, reached in November 2021, highlights the substantial drop from its peak. This significant decline may impact investor sentiment, but current prices reflect a level that could attract buyers looking for value, especially if a market turnaround occurs.
In conclusion, while there are indicators of potential short-term recovery, the overall technical and fundamental analysis points to a bearish trend. Given the current price action and market conditions, I recommend a Hold rating for AVAX as it may be prudent to wait for clearer signals of a trend reversal before making any buying decisions.
The trading volume stands at approximately $175.23 million, with a volume-to-market cap ratio of 4.38%. This suggests moderate trading activity, yet it may not be sufficient to drive significant price movements in the short term, as the market seems to be in a wait-and-see mode.
Technical indicators reveal a bearish sentiment in the short term, with the 8 SMA and 13 SMA both showing negative trends. The 1-hour RSI at 16 indicates a significant oversold condition, which may lead to a potential short-term rebound, but caution is advised given the overall negative trend in shorter moving averages.
On the other hand, the 7-day RSI at 53 suggests a neutral position, indicating that there may still be room for upward momentum. The 7-day price change of approximately 4.59% reflects some recovery, contrasting with the 30-day change of -2.96%, which suggests that longer-term sentiment remains bearish.
Avalanche's all-time high of $144.96, reached in November 2021, highlights the substantial drop from its peak. This significant decline may impact investor sentiment, but current prices reflect a level that could attract buyers looking for value, especially if a market turnaround occurs.
In conclusion, while there are indicators of potential short-term recovery, the overall technical and fundamental analysis points to a bearish trend. Given the current price action and market conditions, I recommend a Hold rating for AVAX as it may be prudent to wait for clearer signals of a trend reversal before making any buying decisions.
Updated 203 minutes ago.
Avalanche Relative Price at Market Cap of:
Avalanche TradingView Chart
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