December 18, 2024 AVAX – Avalanche Daily Chart Analysis
Outlook
AVAX current price is 46.56 USDT and the current market cap is 127.048.404 USDT. This chart period started 210 days ago (23 May 2024) with a total of 98 days closing above the opening price and 111 days closing below the opening price. The lowest price was 17.29 USDT on 05 August 2024, and the highest price was 55.79 USDT on 04 December 2024. The current price is 169.29% above the lowest price and 16.54% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 48.81
22-Day Moving Average: 48.80
50-Day Moving Average: 39.52
100-Day Moving Average: 33.12
250-Day Moving Average: 30.90
500-Day Moving Average: 29.21
Moving Average Analysis
The current price is %4.62 lower than the 5-Day moving average and has been below it for 0 days.
The current price is %4.60 lower than the 22-Day moving average and has been below it for 0 days.
The current price is %17.80 higher than the 50-Day moving average and has been above it for 27 days.
The current price is %40.56 higher than the 100-Day moving average and has been above it for 34 days.
The current price is %50.66 higher than the 250-Day moving average and has been above it for 39 days.
The current price is %59.40 higher than the 500-Day moving average and has been above it for 40 days.
Trends
The longest uptrend in the 210 day period is 9 days. It started at 20.14 USDT on 15 August 2024 and ended by increasing by 34.61% to 27.11 USDT on 24 August 2024.
The longest downtrend is 6 days. It started at 30.43 USDT on 27 September 2024 and ended by decreasing -18.96% to 24.66 USDT on 03 October 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 49.38 USDT on 14-12-2024
Support: 48.10 USDT on 15-12-2024
Support: 47.52 USDT on 17-12-2024
Support: 45.97 USDT on 18-12-2024
Last 7 days resistance levels:
Resistance: 52.05 USDT on 16-12-2024
The lowest support level is 45.97 USDT on 18-12-2024, and the highest resistance level is 52.05 USDT on 16-12-2024. The percentage difference between these levels is approximately 13.2%.
Volume
The previous trading day’s volume (17-12-2024) 2,405,448.95 USDT. Highest volume in the last 210 days is 13,230,224.23 USDT on 02-12-2024. Lowest volume in the last 210 days is 480,351.19 USDT on 01-06-2024. Difference between highest and lowest volume is 2654.28%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 2,605,123.84 USDT
22-day Moving Average Volume: 4,605,159.32 USDT
50-day Moving Average Volume: 4,369,634.54 USDT
100-day Moving Average Volume: 3,041,673.85 USDT
250-day Moving Average Volume: 2,452,237.21 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 2,405,448.95 USDT
Previous day’s volume is 7.66% lower than the 5-day moving average.
Previous day’s volume is 47.77% lower than the 22-day moving average.
Previous day’s volume is 44.95% lower than the 50-day moving average.
Previous day’s volume is 20.92% lower than the 100-day moving average.
Previous day’s volume is 1.91% lower than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -43.43% lower than the 22-day moving average.
22-day moving average is 5.39% higher than the 50-day moving average.
50-day moving average is 43.66% higher than the 100-day moving average.
100-day moving average is 24.04% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 07-11-2024 with a volume of 2,304,556.93 USDT and ended on 12-11-2024 with a volume of 9,074,667.64 USDT, lasting for 5 days and representing a 293.77% increase.
The longest consecutive volume decrease started on 23-07-2024 with a volume of 2,989,620.04 USDT and ended on 28-07-2024 with a volume of 955,992.62 USDT, lasting for 5 days and representing a 68.02% decrease.
Price Volume Coorelation
During the longest volume increasing period price increased from 27.38 USDT to 33.96 USDT, which represents a 24.03% increase.
During the longest volume decreasing period price decreased from 29.82 USDT to 27.40 USDT, which represents a 8.12% decrease.
Strategy
“AVAX” is currently under selling pressure, a re-evaluation is needed once the selling pressure is over
We do not recommend opening any “long” positions at this time
AVAX – Avalanche
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
