Avalanche Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 3.12% decrease in price over the last 24 hours, falling to $38.33, despite a 1.0% gain over the past week. Trading volume dropped by 42.0%, and the circulating supply decreased by 0.36% to 367.54 million, representing 51.05% of its max supply. AVAX's market cap ranks it 10th at $14.08 billion.
February 20, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Avalanche (AVAX) experienced a 3.12% price drop to $38.33 over the last 24 hours, despite a recent upward trend. The trading volume and circulating supply have also decreased.
The short-term price drop of 3.12% in Avalanche (AVAX) is significant, especially considering its recent positive trend. The decrease in trading volume and circulating supply could indicate a reduced interest or liquidity, potentially leading to further short-term price volatility. Given these factors, the short-term impact on AVAX's price is likely negative.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100