Avalanche (AVAX): How Does the Chart Look Tuesday?

Tuesday, October 04, 2022 07:50 PM | InvestorsObserver Analysts

Avalanche receives an average long-term technical score of 38 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 38% 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.

InvestorsObserver is giving Avalanche a 38 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Avalanche!

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Trading Analysis

AVAX is currently -$3.5200000 (-16.80%) below its 100-day moving average price of $20.970000000 with its current price of $17.440000000. Meanwhile, Avalanche is $3.6500000 (46.73%) above its 52-week low price of $13.790000000 and -$128.77000000 (5.09%) below its 52-week high of $146.220000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 38. Trends for the long-term trading history of Avalanche suggest that traders are currently bearish on the coin. Avalanche has a total market value of $5,165,080,210.17 with an high average daily volume of $1,298,810,899.85 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, AVAX's volume is below its average with $180,773,265.30 exchanged in total. 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.

Summary

AVAX's historical trading over the past year gives it a an average long-term technical score of 38 as its price movement in that time has given investors reason to be bearish on the coin in the long-term. Click Here to get the full Report on Avalanche (AVAX).