- Avalanche is currently in a short-term downward trend channel. Downtrends indicate negative developments for the currency and a decrease in buying interest among investors.
- The currency’s support is at 8.80 points, and resistance is at 11.40 points. Volume peaks and troughs align well with price peaks and troughs.
- The current Avalanche price is $9.62, with a 24-hour trading volume of $144,818,208. Avalanche has decreased by 0.91% in the last 24 hours.
Avalanche (AVAX) price failed to hold above $10; What will happen now? Short, medium, and long-term AVAX analysis!
Short-Term AVAX Analysis
Avalanche is currently in a short-term downward trend channel. Downtrends indicate negative developments for the currency and a decrease in buying interest among investors. The currency’s support is at 8.80 points, and resistance is at 10.00 points. The RSI curve shows an upward trend, which could be an early signal of a potential uptrend in price. The currency is generally considered technically neutral in the short term.
Medium-Term AVAX Analysis
Avalanche is currently in a medium to long-term downward trend channel. This indicates increasing pessimism among investors and suggests further declines for Avalanche. The currency’s support is at 8.80 points, and resistance is at 11.40 points. Volume peaks and troughs align well with price peaks and troughs. This weakens the downtrend and could be an early signal of a future trend reversal. The currency is generally considered technically neutral in the medium term.
Long-Term AVAX Analysis
Investors have accepted lower prices over time, leading to a long-term downward trend channel for Avalanche. This indicates increasing pessimism among investors and suggests further declines for Avalanche. The currency has slightly broken below the support level of 10.60 points. This established breakout forecasts further declines. Volume peaks and troughs align well with price peaks and troughs, which could weaken the downtrend and be an early signal of a future trend reversal. The currency is generally considered technically negative in the long term.
Avalanche Price
The current Avalanche price is $9.62, with a 24-hour trading volume of $144,818,208. Avalanche has decreased by 0.91% in the last 24 hours. According to the current CoinMarketCap ranking, AVAX is ranked 22nd with a market capitalization of $3,409,069,195. There are 354,525,511 AVAX tokens in circulation, and the maximum supply is not available.
