The price of Avalanche (AVAX) is currently $22.78, showing a slight drop in recent days, but maintaining year-over-year growth.
Current AVAX Metrics
Avalanche (AVAX) is trading at $22.78, reflecting a 1.3% decline in the last 24 hours and a 9.08% drop over the past week. Despite this short-term volatility, the coin remains up by 37.8% year-over-year. Over the last month, AVAX has seen a modest increase of 3.5%.
Market Analysis and Technical Indicators
AVAX holds a market cap of approximately $9.6 billion, placing it among the top 20 cryptocurrencies. Its circulating supply stands at around 421 million tokens, with a maximum supply capped at 720 million. Additionally, AVAX is currently trading nearly 84% below its all-time high of $144.96, while still 713% above its all-time low of $2.80. In the past seven days, AVAX has traded between $22.00 and $24.50.
Support and Resistance Levels for AVAX
Key support for AVAX is at the $22.00 level. Should the price fall below this mark, the next buying area could emerge near $21.00. Resistance appears around $24.50; if AVAX breaks past that threshold on strong volume, the next hurdle would be near $26.00.
Despite recent downturns, Avalanche (AVAX) has shown positive growth for the year, and current technical indicators suggest potential price stability. Investors should monitor support and resistance levels carefully.
