The numerical analysis of the currency $AVAX , the token of the Avalanche platform, requires considering many fundamental and technical factors, such as the current price, market cap, circulating supply, and trading volume.
Key Statistics (Approximate) 📊
Current Price: Approximately 24 USD.
Market Cap: 10.16 billion USD.
Ranking: It holds the 18th position in terms of market cap in the cryptocurrency market.
All-Time High (ATH): 147.50 USD, recorded on November 20, 2021, which means it has decreased by over 80% from that level.
Circulating Supply: 422.28 million AVAX coins.
Total Supply: 457.28 million AVAX coins.
Max Supply: 715.75 million AVAX coins.
Daily Trading Volume (24 hours): 863.03 million USD.
Price Performance and Changes 📉📈
The performance of the currency #AVAX✈️ has seen significant changes in the short and medium term:
Weekly Change: The price decreased by -0.29%.
Monthly Change: The price increased by +4.58%.
Yearly Change (Year-to-Date): The price decreased by -33.60%.
Change Over the Year: The price increased by +17.54%.
This variance shows that the currency has experienced significant fluctuations during different periods, reflecting the volatile nature of the cryptocurrency market.
Technical Analysis and Predictions 🔮
The technical analysis of the currency $AVAX relies on technical indicators such as Moving Averages and Relative Strength Index (RSI).
Moving Averages: Some analyses suggest that the price is trading above the 20-day exponential moving average ($23.46) and the 200-day ($23.38), which may indicate a potential bullish trend.
Relative Strength Index (RSI): Indicates that the price is heading down with an actual reading of 0.00.
Support and Resistance Points: There are key support levels at 24.39 USD. If the currency can maintain this level, it may rise towards 26.11 USD. However, if it drops below this level, it may face a correction.
