Avalanche (AVAX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Distributed Software Platform has gained 2.52% to $54.68.
InvestorsObserver is giving Avalanche a 37 Volatility Rank. Find out what this means to you and get the rest of the rankings on Avalanche!
Moderately Volatile
InvestorsObserver gives Avalanche a moderate volatility rank of 37, placing it in the bottom 37% of cryptos on the market.The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. AVAX's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Avalanche price is in a good position going forward. With support at $52.13 and resistance around $55.63. This positions Avalanche with room to run before facing selling pressures.