Avalanche Down More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 6.11% price drop over the past 24 hours, continuing a weekly decline of 14%. The trading volume has decreased by 67%, while the circulating supply increased by 0.33%. Avalanche's market cap ranking is currently #10, valued at $12.36 billion.
January 18, 2024 | 7:00 pm
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NEGATIVE IMPACT
Avalanche (AVAX) has experienced a significant price decrease of 6.11% in 24 hours, with a 14% drop over the past week. The trading volume has also fallen sharply by 67%, despite a slight increase in circulating supply.
The sharp decline in price and trading volume for Avalanche suggests a bearish short-term outlook. The increase in circulating supply could further dilute the value, potentially leading to continued downward pressure on the price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100