Avalanche (AVAX) Rises 6.35%, Outperforms the Crypto Market Saturday

Saturday, August 06, 2022 11:12 AM | InvestorsObserver Analysts

Avalanche (AVAX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Distributed Software Platform has gained 6.35% to $25.89.

InvestorsObserver is giving Avalanche a 49 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 49, placing it in the bottom 49% of cryptos on the market.

The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day. 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 above resistance. With support at $23.37 and resistance around $25.14. This leaves Avalanche out of range and potentially in a volatile position if the rally burns out.

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.