Avalanche (AVAX) Up 2.52% Thursday: What's Next?

Thursday, March 28, 2024 12:25 PM | InvestorsObserver Analysts

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!

See Full Report

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.

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.