AVAX Coin Update – 16/08/2025
AVAXUSDT
Perp
23.95
-4.23%
Here’s the current picture for Avalanche (AVAX) as of August 16, 2025:
**AVAX Snapshot**
**Price Swings**
* Daily movement: between \$23.55 (low) and \$25.56 (high).
* Present value: near \$23.76, showing a slight dip of about \~0.05% compared to the prior close.
**24-Hour Change**
* Binance reports a **–5.31%** decline over the past day.
* CoinMarketCap shows a **–3.32%** loss.
* CoinGecko lists roughly **–3.82%** down.
These differences come from variations in timing, feeds, and exchange data.
**Short-Term View & Technical Setup**
* **99Bitcoins**: AVAX is in a sideways phase—neither breaking down nor surging, trading close to its level from 30 days back, with support emerging around \$23.70.
* **FXStreet**: Notes a nearly **+7%** rebound from a recent drop, fueled by positive news such as Dinari Global launching tokenized U.S. equities on Avalanche and higher on-chain activity.
* **CCN**: Points out a **+6%** bounce as AVAX works to challenge the \$26 ceiling after falling about 10% the day before.
**Summary Chart**
* **24 Hours**: –3.3% to –5.3% → reflects near-term weakness across platforms.
* **Technical**: Holding near \$23.70 support, while attempting to move through \$26 resistance. Mixed signals: sideways action vs. rebound efforts.
**What’s Moving the Price?**
* **Recovery attempts**: Market watchers note AVAX is bouncing back from yesterday’s sharp sell-off, with up to a 6–7% rise today.
* **Network developments & broader events**: Updates like Dinari Global’s U.S. tokenized stock launch and growing usage metrics are adding momentum.
**Bottom line:** AVAX is showing a modest rebound today after a steep pullback, trading between \$23.70 and \$25.50. Despite being down 3–5% in the last 24 hours across platforms, chart structure and ecosystem news suggest potential upside—especially if price clears the \$26 barrier.
Would you like me to also **narrow this down into a quick trader’s cheat sheet** (levels, risks, catalysts) for faster reference?