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Trading Signals

Avalanche set for weak finish today; down 2.63% to $16.68 with a hour before close

02 May 2023

AVAXUSD

Late into the session, AVAX loses $0.45 (2.63%), currently trading at $16.68.

Avalanche could begin to recover as it approaches significant support, now 25 cents away from $16.44. Dipping below could be an indication that further losses are ahead. AVAX's lower Bollinger Band® is at $15.28, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Technical analysis shows that AVAX (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, after ending today's session at $29,248, Bitcoin lost $1,122 and is trading around $28,126. NEAR Protocol is down to $1.82, losing $0.111, after closing at $1.93 in the preceding trading session.

Positive performances can be seen by looking at other markets as FTX Token jumps 9.54% to trade around $1.36.

Having soared to a high of $67.09 approximately 11 months ago, AVAX is now trading 74.46% lower. Avalanche has a market cap of 5.48 billion with an average daily volume of 223.33 million.

Market Summary

Latest Crypto News

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ETH set for weak finish today; down 1.59% to $1,875 with 4 hours before close

Passive Asia-Pacific markets defy bearish US sentiment

US markets end yesterday lower alongside bearish sentiment in European indices

Ether cryptocurrency trades up $15.34, approximately 0.8% higher going into tomorrow

Bitcoin Cash down $3.19 reaching $113, for its 4th straight negative day

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