Avalanche receives a strong long-term technical score of 72 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity.
Currently, AVAX holds a superior long-term technical analysis score than 72% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover coins that have bottomed out.
AVAX is currently -$24.0700000 (-56.34%) below its 100-day moving average price of $42.720000000 with its current price of $18.650000000. Meanwhile, Avalanche is $9.3100000 (81.93%) above its 52-week low price of $9.340000000 and -$127.56000000 (5.92%) below its 52-week high of $146.220000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 72. Trends for the long-term trading history of Avalanche suggest that traders are currently neutral on the coin.
Avalanche has a market capitalization of $5,284,701,870.53 and a relatively high average daily volume with $3,764,147,693.39 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, AVAX’s volume is below its seven day average with 334,556,565.56 exchanged.
This coin’s subclass Distributed Software Platform: A platform is a decentralized infrastructure designed for a purpose. These can take the form of exchanges for the trading of cryptocurrencies, decentralized data storage, artificial intelligence, virtual or augmented reality, distributed computing and big data collection, among other things.
Technical analysis of Avalanche over the past year results in the crypto receiving a a strong long-term technical score of 72 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.
Click Here to get the full Report on Avalanche (AVAX).
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.