AVAX Analysis
| Overall Performance | |||||
| 24-hr | 7-Day | 30-Day | 1-Year | Mkt Cap. | 24-hr Vol. |
| 4.74% | 5.38% | 6.48% | 21.51% | 10.55 bn | 0.70 bn |
Avalanche (AVAXUSDT) price over 7 days gained 5.38% to 25.19 . For the record, AVAXUSDT is -82.86% below all-time high of 147.00.
Over the last 30 days, AVAX is up by 6.48% while 12-month period is up by 21.51%.
For the new week, our technical outlook seems stronger towards the upside as Avalanche is up over the last 7 days.
What can we expect from Avalanche today?
At time of writing, Avalanche has increased by 4.74% over the past 24 hours. Our daily analysis is that traders are more interested in accumulating AVAX than selling.
Looking ahead on Monday, immediate upside resistance level at 25.91 (R1) with break above could target 26.62 (R2), while on the downside we are looking at 24.25 (S1) or daily low of 24.02 as immediate support levels. Break below these levels could weaken the current bullish momentum and may target towards 23.30 (S2).
Key levels to watch out:
| R3 | 27.57 |
| R2 | 26.62 |
| R1 | 25.91 |
| Daily Pivot | 24.96 |
| S1 | 24.25 |
| S2 | 23.30 |
| S3 | 22.59 |
About Avalanche
Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.