Avalanche Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 5.24% decrease in price over the last 24 hours, continuing a negative trend with a 13.0% loss over the past week. The trading volume has decreased by 24.0%, while the circulating supply increased by 0.28%, bringing the total to 377.42 million. AVAX's market cap ranking is now #11 at $19.19 billion.
April 01, 2024 | 7:02 pm
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NEGATIVE IMPACT
Avalanche (AVAX) has experienced a significant price drop of 5.24% in the last 24 hours, with a 13% decrease over the past week, indicating a negative short-term trend.
The significant price drop of 5.24% in the last 24 hours, coupled with a 13% decrease over the past week, suggests a negative sentiment among investors. The decrease in trading volume by 24% further supports the notion of a bearish outlook in the short term. However, the increase in circulating supply could indicate potential for future growth, moderating the impact slightly.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100