- The coin is trading at 12.37 around 4.4% up from the previous levels
- The coin had given the breakout fin volume side and taking support at 20 EMA
- The coin is trading at 0.0003084 BTC around 3.35% up and 0.005373 ETH around 2.95% up with respect to bitcoin and ethereum
The coin was launched in 2020 by ava labs and Emin Gün Sirer, the coin acts as an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services. The coin had a market capitalization of $8,896,573,621 and the circulating supply of 172,418,164.00 AVAX. the coin had give the volume breakout and the last 24hr trading volume of the coin is $66,229,355
CHART ANALYSIS
On charts we can see that the coin is trading in a downtrend and try very hard to break from it. The coin volume is increasing and the coin is forming small small bullish green candles from last one week which indicate a bullish moment in the coin.
INDICATOR ANALYSIS
According to the indicator analysis we find out the coin is trading above the 20 EMA and trading below 50,100,200 EMA. The coin is taking support at 20 EMA and resistance at 50 EMA.
RSI is trading neutral at 55.68 no sign of divergence in the coin
In macd we can see that the coin that the macd is trading above the signal line. The histogram is flat show bearishness in the market
MAJOR SUPPORT AND RESISTANCE IN THE COIN IS AT
S1=$10 AND S2=$7.47
R1=$14.25 AND R1=$15.42