The current price of $AVAX /USDT is $19.99, reflecting a decline of 2.87% over the past 24 hours. During this time, the price has fluctuated between a high of $20.62 and a low of $19.76.
The chart indicates a consistent downward trend over the past few days, with today's performance showing a slight recovery of 0.40%, suggesting some buying interest. However, the overall momentum remains negative.
Looking at long-term trends, significant declines have been observed:
7 Days: -8.80%
30 Days: +10.93%
90 Days: -27.10%
180 Days: -17.40%
1 Year: -46.32%
These figures indicate that while there was a recent uptick in the 30-day window, the overall trend has been downward, particularly over longer periods.
Investors should keep an eye on the support level around $19.76. A break below this level could signal further declines. Conversely, if the price can reclaim the $20.00 mark, it might indicate a potential recovery attempt.
Overall, caution is advised as market sentiment appears to lean bearish, and traders should consider their strategies accordingly.
