Avalanche Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 4.42% decrease in price over the last 24 hours, marking a continuation of its 16% decline over the past week. The trading volume for Avalanche has increased by 22%, and its circulating supply has risen by 0.17% to 377.85 million, representing 52.48% of its maximum supply. Currently, Avalanche's market cap ranks it 12th at $17.27 billion.
April 05, 2024 | 3:02 pm
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NEGATIVE IMPACT
Avalanche (AVAX) has experienced a significant price drop of 4.42% in the last 24 hours, contributing to a 16% decrease over the past week. The increase in trading volume and circulating supply may indicate heightened activity and interest, despite the price decline.
The significant price drop of Avalanche (AVAX) over the past week and the last 24 hours suggests a bearish short-term outlook. However, the increase in trading volume and circulating supply indicates that there is still active interest and participation in the market for AVAX. This could mean that while the price is currently declining, there is potential for volatility and possibly recovery, depending on market dynamics and investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100