Avalanche Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Avalanche (CRYPTO: AVAX) has seen a price decrease of 3.27% over the past 24 hours, continuing a week-long downward trend of 6.0%. Trading volume has dropped by 38.0% over the past week, while the circulating supply has slightly increased. AVAX's current market cap is $14.05 billion, ranking it #13.
May 31, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Avalanche (CRYPTO: AVAX) has experienced a 3.27% price drop in the last 24 hours, continuing a week-long decline of 6.0%. Trading volume has decreased by 38.0% over the past week, while the circulating supply has slightly increased. The current market cap is $14.05 billion, ranking it #13.
The significant drop in price and trading volume indicates a bearish sentiment among investors. The slight increase in circulating supply adds to the selling pressure. These factors combined suggest a likely short-term decline in AVAX's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100