Avalanche Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a 4.22% decrease in price over the last 24 hours, now at $37.45, contrasting with a 13.0% increase over the past week. The trading volume has decreased by 21.0%, while the circulating supply rose by 0.19% to 378.02 million, about 52.5% of its max supply. AVAX's market cap ranking is currently #13 at $14.20 billion.
April 24, 2024 | 3:04 pm
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Avalanche (AVAX) experienced a 4.22% decrease in its price to $37.45, diverging from its recent upward trend. The trading volume has decreased significantly, and the circulating supply has slightly increased.
The short-term price decrease of 4.22% in Avalanche (AVAX) is significant, indicating a potential bearish sentiment among investors. The decrease in trading volume suggests less trading activity, which could further impact its price negatively in the short term. However, the recent overall upward trend and the slight increase in circulating supply might provide some support to the price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100