AVAXUSDT Chart by TradingView
| Performance after Thursday 16-Feb | |||
| Period | Pct | Chg | Momentum |
| Thursday | -6.77% | -1.35 |  |
| Week to-date | 6.64% | 1.18 |  |
| February | -4.24% | -0.84 |  |
AVAX Analysis
Avalanche (AVAXUSDT) price for the week to-date gained 6.64% or 1.18 higher to 18.96. At time of writing into Friday’s trading session, Avalanche has decreased by -5.44% over the past 24 hours. For the record, AVAXUSDT is -86.92% below all-time high of 144.96. On Thursday, AVAX dropped -6.77% to 18.59.
On the daily timeframe, price is above 9-Day EMA and Stochastic oscillator is rising, our analysis is that there is bullish momentum and price could continue to go higher.
For the month-to-date, AVAX is down by -4.24% or -0.84 lower.
What can we expect from Avalanche today?
Looking ahead for the day, to see upside interest, we prefer to look at price breakout of last daily high of 20.39 or trades above daily pivot 19.18. and daily low of 18.55 and 17.96 (S1) as key support levels. Avalanche need to break on either side to indicate a short-term bias. A close below 18.55 would indicate selling pressure.
For the week to-date, take note that Avalanche is rising and up by 6.64% as the pair continued to trade higher in the past few days. Prior performance for the week ending 2023-02-12 was -11.45%.
Key levels to watch out:
| R3 | 21.64 |
| R2 | 21.02 |
| R1 | 19.80 |
| Daily Pivot | 19.18 |
| S1 | 17.96 |
| S2 | 17.34 |
| S3 | 16.12 |
Last updated: 02:20 am UTC, 17-Feb 2023
About Avalanche
Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.Mainnet was launched in September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe. Decentralized finance (DeFi) applications can be found on Avalanche such as Pangolin, TraderJoe, and more.
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