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AVALANCHE Price Analysis: After forming a monthly high, token rallied downwards from $14.

AVALANCHE Price
  • AVAX has transactional throughput of more than 4500 tps whereas ETH has 14 tps.
  • Under the category of safety threshold the AVAX is 80% parameterised whereas ETH and DOT are 33 and 50% respectively.
  • AVAX is basically an open platform which is programmable DEFI applications.
Tradingview

AVAX lost 5.68% on Sunday. Following a 1.43% gain on Friday, AVAX ended the day at 12.88. The last known price of this coin is 12.99. A mixed start for the day saw AVAX fall to an early morning intraday low of $12.74 before making a move more downwards. Steering clear of the first support level at $12.93, AVAX rallied to the Intraday high of $13.44. AVAX is below the first resistance level at 13.05. The candle wicks are forming low and wicks have also lost the support of DMA-20.

AVAX has recently shown the pattern of engulfing bearish and higher highs have lost their continuity. 

Total staked (total value of AVAX locked to secure AVALANCHE) are 215,320,415 AVAX. The annual staking reward is 10.3% and the staking ratio is 55.63% whereas total nodes are 988. Acquired assets are 44 and 24 hours addresses are of 1621.

It has the current trading volume(s) of 83,404,139 with a gain of 15.91% over the last 24 hours. AVAX has addresses of 5447 holders with the active transfer(s) of 24,728 in the last 24 hours. The circulating supply of token is 173,432,440.22 AVAX coins and the max. supply is 720,000,000

SMA-20, SMA-50 and SMA-200

The chart above shows the movement of AVAX where 200 DMA has been running below SMA-20 and SMA-50 is running below SMA-20. We see the token with respect to SMA’s which are 20, 50 and 200. We see an upwards pattern where the bullish win has been visible. The trend line marked shows this upwards shifting. Those who have long the token at $9.754 have gathered 35% till date. The token was at 9.21 on 21 July.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 41.961 and marks the sell action. MA-5 shows the buy action whereas MA-10 and MA-20 show the sell action. Even MA-100 and MA-200 show the same buy action. However, the AVAX at present is all set to buy.

The bull/bear power has the value of -0.2550 and shows the sell action. The high/low marks the sell action with the value of -0.2554

The AVAX-BTC pair is trailing at the level of 0.0003284 and the low of 0.96% was seen in the last 24 hours. The volume/market cap of the token is 0.03709 and its market dominance is 0.14%.

Conclusion: The days range for the coin is 12.62-14.08 and presently is at 13.04. The 24 hours high and low of the coin is 14.06 and 12.05 respectively.

The AVAX ATH is 59.94 and ATL is 2.79. 

AVAX ROI (approximate return on investment if purchased at the time of launch) is 2495.93%. The coin could show retracement in the coming time so you can long now. It is not obvious but just an assumption.

Go through the historical data and charts before buying or selling the coin of AVAX.

Technical Instruments:

Pivot: 12.99

R-1: 13.05

R-2: 13.08

S-1: 12.93

S-2: 12.90

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour