- AVAX dips 1.3% ($22.78), down 9% weekly but holds 37.8% yearly gain; modest 3.5% monthly increase.
- $9.6B market cap ranks top 20; 421M tokens circulate, max capped at 720M; trades 84% below ATH.
Avalanche (AVAX) is currently trading at $22.78, experiencing a 1.3% decline in the last 24 hours and a 9.08% drop over the past 7 days. While this reflects a short-term downtrend, the coin remains up by 37.8% year-over-year. Over the last month, AVAX has gained a modest 3.5%, indicating slight bullish momentum in the broader timeframe despite recent volatility.
AVAX holds a market cap of approximately $9.6 billion, ranking it among the top 20 cryptocurrencies globally. Its circulating supply stands at around 421 million tokens, with a maximum supply capped at 720 million.
The all-time high for AVAX was $144.96, meaning it is currently trading nearly 84% below that level, but still over 713% above its all-time low of $2.80.
Avalanche distinguishes itself with a unique three-chain architecture (X-Chain, C-Chain, and P-Chain) that supports scalability, asset issuance, and smart contract deployment.
In the past seven days, AVAX formed a short-term range between approximately $22.00 and $24.50. This narrow band suggests that traders are weighing bullish hopes against caution, rather than aggressively shifting sentiment.
Over the last month, the price has moved up from the low $20s to mid-$20s, a modest advance following a deeper correction earlier in the spring.
On the technical front, the 14-day Relative Strength Index (RSI) sits near 52, which signals neither overbought nor oversold conditions. That position hints that, for now, neither buyers nor sellers hold a decisive edge.
If the RSI drifts above 60 in coming days, it could signal that buyers are regaining control. Conversely, a drop below 45 might point to renewed selling interest.
Looking at moving averages, the 50-day simple moving average (SMA) currently rests around $21.75. The fact that AVAX remains comfortably above this level suggests the broader trend still leans toward modest gains.
The 200-day SMA, meanwhile, sits near $18.50. Since the price has stayed above that longer-term average for several weeks, the underlying tone remains cautiously positive.
Key support lies at $22.00. Should AVAX fall below that mark, the next area of buying interest could come near $21.00, where price found a floor earlier this month. On the upside, immediate resistance appears around $24.50.
If AVAX breaks past that barrier on strong volume, the next hurdle would be near $26.00, where sellers have previously stepped in.
