Avalanche (AVAX) Rises 0.62%, Outperforms the Crypto Market Sunday

Sunday, April 16, 2023 02:35 PM | InvestorsObserver Analysts

Avalanche (AVAX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Distributed Software Platform has added 0.62% to $19.25.

InvestorsObserver is giving Avalanche a 32 Volatility Rank. Find out what this means to you and get the rest of the rankings on Avalanche!

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Moderately Volatile

InvestorsObserver gives Avalanche a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. 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 well positioned going forward. With support set at $18.94 and resistance at $19.42. This leaves Avalanche with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.