Avalanche (AVAX) Dips Below $19 Amid Market Volatility and ETF Optimism
Avalanche ( AVAX ) is experiencing a slight downturn, trading at approximately $18.89 , reflecting a 2.5% decrease over the past 24 hours. ​
📊 Market Overview
Current Price : ~$18.89
24-Hour Range : $18.31 – $20.47
Market Cap : ~$7.82 billion
24-Hour Trading Volume : ~$239 million
Year-to-Date High : $65 .26 ​
Despite the recent dip, AVAX has shown resilience , with a 12.87% increase over the past week. ​
📈 Technical Analysis
AVAX is currently navigating a neutral technical landscape. Key support levels are identified at $17.84 , $17.36 , and $17.08 , while resistance levels are at $18.61 , $18.88 , and $19.37 .
Technical indicators present a mixed outlook:​
RSI (14) : 48.811 (Neutral)
MACD (12,26) : -0.17 (Sell)
ADX (14) : 42.974 (Buy)
CCI (14) : 246.94 (Overbought)
Williams %R : -26.487 (Buy)
The presence of a bullish engulfing pattern on the weekly chart suggests potential for upward momentum if AVAX can maintain support above $18.50.
More: https://onthenode.com/analysis/avalanche-avax-dips-below-19-amid-market-volatility-and-etf-optimism
Avalanche ( AVAX ) is experiencing a slight downturn, trading at approximately $18.89 , reflecting a 2.5% decrease over the past 24 hours. ​
📊 Market Overview
Current Price : ~$18.89
24-Hour Range : $18.31 – $20.47
Market Cap : ~$7.82 billion
24-Hour Trading Volume : ~$239 million
Year-to-Date High : $65 .26 ​
Despite the recent dip, AVAX has shown resilience , with a 12.87% increase over the past week. ​
📈 Technical Analysis
AVAX is currently navigating a neutral technical landscape. Key support levels are identified at $17.84 , $17.36 , and $17.08 , while resistance levels are at $18.61 , $18.88 , and $19.37 .
Technical indicators present a mixed outlook:​
RSI (14) : 48.811 (Neutral)
MACD (12,26) : -0.17 (Sell)
ADX (14) : 42.974 (Buy)
CCI (14) : 246.94 (Overbought)
Williams %R : -26.487 (Buy)
The presence of a bullish engulfing pattern on the weekly chart suggests potential for upward momentum if AVAX can maintain support above $18.50.
More: https://onthenode.com/analysis/avalanche-avax-dips-below-19-amid-market-volatility-and-etf-optimism
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