📊 Market information
• Current price: ~22.83 USDT
• 24h volatility: -2.76%
• 24h high: 23.93 USDT
• 24h low: 22.69 USDT
• Market capitalization: ~9.7 billion USD
• Circulating supply: ~421 million AVAX
• Total max supply: ~715 million AVAX
• All-time high (ATH): 146.34 USDT (11/2021)
• Current price compared to ATH: -84%
🧠 Project overview
Avalanche (AVAX) is a high-performance smart contract platform that supports DeFi applications, NFTs, and custom blockchains. With the ability to process thousands of transactions per second and low transaction fees, Avalanche has attracted significant interest from the community and developers. The Avalanche ecosystem is rapidly expanding, with many DeFi and NFT projects being deployed on this platform.
⚠️ Market warning
• Impact from BTC: The altcoin market, including AVAX, is significantly affected by BTC's volatility. When BTC fluctuates sharply, technical analysis may lose its effectiveness. Investors should be cautious and consider carefully before making trading decisions.
• Pressure from large investors: Significant buying and selling activities from 'whales' can cause strong price fluctuations in the short term.
📈 Technical analysis
• 1H & 4H timeframe: AVAX is fluctuating in the range of 22.69–23.93 USDT. No clear trend signals yet.
• 1D timeframe: MACD and RSI show slight bearish signals, but have not yet confirmed a strong downtrend.
• 1W timeframe: The price is still within a long-term downtrend channel, needs to break the 25.00 USDT level to confirm an uptrend.
🎯 Trading strategy
Long order:
• Entry: 22.80 USDT
• TP: 24.00 USDT
• SL: 22.00 USDT
• Probability of success: ~60%
Short order:
• Entry: 24.00 USDT
• TP: 22.50 USDT
• SL: 24.50 USDT
• Probability of success: ~55%
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