Avalanche Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 4.06% decrease in price over the last 24 hours, continuing a negative trend with a 5.0% loss over the past week. The trading volume has decreased by 46.0%, while the circulating supply increased by 0.7%. AVAX's market cap ranking is now #10 at $12.52 billion.
February 06, 2024 | 3:01 pm
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NEGATIVE IMPACT
Avalanche (AVAX) has experienced a 4.06% decrease in its price over the last 24 hours and a 5.0% decrease over the past week, with a significant drop in trading volume and a slight increase in circulating supply.
The decrease in price and trading volume for Avalanche (AVAX) suggests a bearish short-term outlook. The increase in circulating supply without a corresponding price increase may further dilute the value, contributing to the negative price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100