Avalanche (AVAX) Rises 2.54%, Outperforms the Crypto Market Sunday

Sunday, August 21, 2022 02:38 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 increased 2.54% to $22.87.

InvestorsObserver is giving Avalanche a 46 Volatility Rank. Find out what this means to you and get the rest of the rankings on Avalanche!

See Full Report

Moderately Volatile

InvestorsObserver gives Avalanche a moderate volatility rank of 46, placing it in the bottom 46% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. AVAX's moderate volatility reading is paired 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 trading near resistance. With support near $21.67 and resistance around $22.99. This positions Avalanche with potential selling pressures ahead as it may be getting over extended.

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.