Coindesk
Solana, Avalanche Tokens Slide as Bitcoin Traders Target Eye Support at $38K
Over half of the profits accumulated by short-term bitcoin holders have been wiped out, Bitfinex analysts said in a Tuesday note.
Major tokens continued to slide on Tuesday as institutional sales tied to recently launched exchange-traded funds (ETF) weighed down bitcoin (BTC) prices, leading to a more than 20% decline for some tokens in the past week.
Read More
🥰10❤9😁8🎉8👍6👏6🔥5
The Arena, a SocialFi platform built on the Avalanche blockchain, witnessed a remarkable 27% surge in its total value locked (TVL) within just 24 hours. As the fourth-largest SocialFi decentralized application (dApp) with over $798,000 in deposits.
Read More
👍8😁8🔥7👏7❤5🥰3🎉3
Avalanche is on fire - TVL grew 5x in the last year to over $800 million, making it the 6th largest DeFi chain.
Read more
CoinCodex
AI Predicts Avalanche (AVAX) Price for the Start of 2025: +550% Surge in the Cards
After explosive growth in 2023, the AI model sees an even bigger upside for AVAX, forecasting over 6x returns to hit $236 per coin within the next 1 year.
👏7🎉5🥰4❤3🔥3👍1😁1
FXStreet
Avalanche holders brace for $345 million AVAX token unlock and Durango upgrade
Avalanche network has two major events lined up in February 2024.
1 - Avalanche is set to unlock 9.54 million AVAX tokens on February 22.
2 - Durango upgrade is scheduled for activation on the Fuji Testnet on February 13.
3 - AVAX price recovered slightly, posting 2.33% daily gains on Monday.
Read More
🥰6😁6❤5🔥5🎉5👍3👏3
Analytics Insight
Avalanche (AVAX) and Polygon (MATIC) Holders Are Buying As Much As They Can Of This Altcoin
Avalanche and Polygon communities are showing keen interest in a new merging altcoin, Pullix (PLX), amidst Avalanche's struggle to break resistance and Polygon'
Avalanche and Polygon communities are showing keen interest in a new merging altcoin, Pullix (PLX), amidst Avalanche’s struggle to break resistance and Polygon’s strategic restructuring. Let’s find out why.
Read More
❤14👍12👏10🎉10🔥8😁8🥰6
Avalanche (AVAX) has forged a new partnership with fonbnk. Meanwhile, Render (RNDR) has been added to Coinbase’s “listing roadmap.” On the other hand, Rebel Satoshi (RBLZ) remains the top ICO choiceof investors as it raises over $1.5 million in funding.
Read More
Read More
🥰9👍7🔥6🎉5❤4👏2
What Are Avalanche (AVAX) Airdrops?
Avalanche (AVAX) initiative airdrops are unique events where free tokens are given to existing token holders. They’re a way for crypto projects to reward their faithful community members.
Read More
👍15😁13❤12👏11🥰8🎉8🔥7
CCN.com
Avalanche Network Grew 100% in 2023 -- Can AVAX Momentum Continue In 2024?
The Avalanche network doubled its user base in 2023. Meanwhile, the AVAX price rose by nearly 500% by year's end. Optimistic views for 2024.
Avalanche’s network addresses doubled in 2023.
The AVAX price rallied 470% from October to December.
That platform’s vision for 2024 aims to rival Ethereum.
Read More
The AVAX price rallied 470% from October to December.
That platform’s vision for 2024 aims to rival Ethereum.
Read More
👍14🥰10❤9🔥8👏7🎉7😁6
Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt .
Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours.
AVAX Declines Amid Onchain Analyst’s Discovery of Major Transfers
Zachxbt, a well-known onchain analyst, uncovered a substantial transfer of AVAX. The AVAX holder moved 1.96 million AVAX, valued at $54.2 million, to major exchanges including Coinbase, Binance, and Gate, and used Thorchain for bridging. Zachxbt confirmed on Twitter that this transaction did not involve the Luna Foundation Guard, a key player in Terra’s ecosystem that previously amassed a significant amount of AVAX.
“I conducted a timing analysis and found highly probably BTC withdrawals made shortly after the AVAX deposits at both Coinbase and Binance,” Zachxbt said. 587.75 BTC ($38.1M) was withdrawn from Coinbase [and] 122.66 BTC ($7.95M) was withdrawn from Binance.”
Currently, AVAX is down 8.6%, although it was 10% lower around the time Zachxbt announced his findings. The cryptocurrency has experienced a sharp downturn, dropping 23.4% over the last two weeks and 36.1% over the previous month. The digital currency now trades 82.5% beneath its peak price of $144.96 per unit, recorded on Nov. 21, 2021. Today, AVAX‘s trading price hovers at $25.39, with intraday fluctuations ranging from $24.92 to $27.84.
What do you think about the entity that moved the large sum of AVAX? Share your thoughts and opinions about this subject in the comments section below.
❤10👏8🥰6👍5🔥4🎉4😁3
Avalanche (AVAX) Drops 8%, Real Reason Uncovered
Avalanche is on track to reach its crucial support level of $23.34 if its market performance continues on a decline, as it has over the last 24 hours. According to Wu Blockchain, an investigation by ZachXBT has revealed what might be fueling the rapid drop in the price of Avalanche.
Major transfers impacting Avalanche
At the time of writing, Avalanche is changing hands for $25.34, down by 8.34% in the past 24 hours.
The sharp decline has been attributed to several factors. Primarily, the reason for this drop appears to be the actions of an entity that started transferring 1.96 million AVAX to exchanges like Coinbase, Binance and Gate.
The value of the transferred asset comes in at $54.2 million based on the current market price. An investigation revealed that the entity utilized cross-chain bridges such as THORChain for the transfers. The movement has further aggravated bearish market sentiment surrounding AVAX.
This transfer has triggered a notable decline toward the critical support level of $23.34, as it is barely $2 away from breaching it. Analysts believe that if that happens, there will be more downsides for Avalanche to worry about.
Historical performance and Avalanche's recent trends
This continued bearish movement is upsetting to Avalanche given that it was one of the top gainers in the first quarter of the year. Notably, the blockchain platform is undergoing a steady decline, as data reveal that from May 23, when the price was $38.31, it has not been able to flip its bullish trend.
Interestingly, per the May market Rankings, Avalanche nudged Shiba Inu, the dog-themed coin, out of the top 10 as it climbed up by more than 18% in value. Market experts say the current decline in AVAX value attests to the volatility of the market, in this case, the massive transfer initiated by the entity.
Investors are, however, advised to observe the key support level and make decisions based on price movement around it.
🥰9🔥6👏5😁5❤4👍4🎉2
Cointribune
Crypto: AVAX's Surge May Surpass Solana's, Says Santiment
Discover why AVAX could outperform Solana in the crypto race. Analysis of trends and expert predictions on the future.
Crypto: AVAX's Surge May Surpass Solana's, Says Santiment
Read More
AVAX vs Sol: The unexpected duel that could reshape the crypto landscape
The recent surge in the prices of AVAX and SOL, both rising by more than 7%, reflects a renewed optimism in the crypto market. However, the catalysts for these increases differ significantly.
Read More
❤19👍10🔥10😁10🎉8🥰7👏6
Avalanche’s Potential Surge: Could AVAX Enter the Top 10 Cryptocurrencies with a 200% Rally.
Avalanche (AVAX) has recently caught the attention of investors and analysts alike with its potential for a significant price rally. Amidst a month-long decline in its price, AVAX has shown signs of recovery and the formation of a bullish pattern, fueling optimism for a substantial surge in the near term.
Avalanche’s Recent Market Performance
After experiencing an 18% decline in the past month, Avalanche’s price action has taken a positive turn. The daily chart for AVAX recently turned green, signaling a potential reversal from its downward trajectory. At the time of writing, AVAX was trading at $26.15 with a market capitalization exceeding $10 billion, solidifying its position as the 13th largest cryptocurrency by market cap.
Bullish Pattern and Technical Analysis
A significant development contributing to AVAX’s bullish sentiment is the formation of a bullish falling wedge pattern on its price chart. Captain Faibik, a respected crypto analyst, highlighted this pattern, which suggests that AVAX has been consolidating within this pattern since the beginning of the year. This consolidation phase often precedes a breakout, potentially leading to a substantial price increase.
According to technical indicators analyzed by AMB Crypto, AVAX’s MACD (Moving Average Convergence Divergence) indicator has shown a bullish advantage. Additionally, the Relative Strength Index (RSI) has indicated an uptick, signaling increasing buying pressure and potential momentum for a bullish rally.
However, the Chaikin Money Flow (CMF) has shown a downward trend, indicating a potential bearish pressure on AVAX’s price movement. Despite this, market sentiment remains cautiously optimistic as investors anticipate a breakout above the bullish pattern.
On-chain Data and Investor Sentiment
Analyzing AVAX’s on-chain data provides further insights into investor sentiment and market dynamics. According to data from Into The Block, there has been a noticeable increase in the number of addresses holding AVAX for over a year. This uptrend suggests growing confidence among long-term holders, who anticipate a potential price surge in the cryptocurrency.
On the sentiment front, Santiment’s data reveals that AVAX’s weighted sentiment has remained negative, indicating prevalent bearish sentiment in the market. However, recent trends show a decline in AVAX’s funding rate, which historically correlates with potential price increases. This divergence in sentiment metrics highlights the uncertainty and mixed signals surrounding AVAX’s short-term price outlook.
Market Capitalization and Ranking Potential
The potential for AVAX to enter the top 10 cryptocurrencies by market capitalization hinges on its ability to sustain momentum and attract continued investor interest. With a current market capitalization exceeding $10 billion, AVAX is positioned just outside the top 10 list. A 200% price rally, as speculated by analysts, could propel AVAX into the upper echelons of the cryptocurrency rankings, competing with established players like Cardano (ADA) and Polkadot (DOT).
Conclusion
In conclusion, Avalanche (AVAX) presents a compelling case for a potential surge driven by technical patterns, market sentiment, and investor optimism. The formation of a bullish falling wedge pattern on AVAX’s price chart has flashed speculation of a significant price rally, possibly leading to AVAX entering the top 10 cryptocurrencies by market capitalization.
However, investors and stakeholders must remain cautious amidst the inherent volatility of cryptocurrency markets. Factors such as regulatory developments, macroeconomic trends, and global market sentiment can influence AVAX’s price trajectory in unpredictable ways.
As the cryptocurrency landscape continues to evolve, AVAX’s ability to capitalize on its technical strengths and navigate market challenges will be critical in determining its long-term success and position within the broader digital asset ecosystem.
Avalanche (AVAX) has recently caught the attention of investors and analysts alike with its potential for a significant price rally. Amidst a month-long decline in its price, AVAX has shown signs of recovery and the formation of a bullish pattern, fueling optimism for a substantial surge in the near term.
Avalanche’s Recent Market Performance
After experiencing an 18% decline in the past month, Avalanche’s price action has taken a positive turn. The daily chart for AVAX recently turned green, signaling a potential reversal from its downward trajectory. At the time of writing, AVAX was trading at $26.15 with a market capitalization exceeding $10 billion, solidifying its position as the 13th largest cryptocurrency by market cap.
Bullish Pattern and Technical Analysis
A significant development contributing to AVAX’s bullish sentiment is the formation of a bullish falling wedge pattern on its price chart. Captain Faibik, a respected crypto analyst, highlighted this pattern, which suggests that AVAX has been consolidating within this pattern since the beginning of the year. This consolidation phase often precedes a breakout, potentially leading to a substantial price increase.
According to technical indicators analyzed by AMB Crypto, AVAX’s MACD (Moving Average Convergence Divergence) indicator has shown a bullish advantage. Additionally, the Relative Strength Index (RSI) has indicated an uptick, signaling increasing buying pressure and potential momentum for a bullish rally.
However, the Chaikin Money Flow (CMF) has shown a downward trend, indicating a potential bearish pressure on AVAX’s price movement. Despite this, market sentiment remains cautiously optimistic as investors anticipate a breakout above the bullish pattern.
On-chain Data and Investor Sentiment
Analyzing AVAX’s on-chain data provides further insights into investor sentiment and market dynamics. According to data from Into The Block, there has been a noticeable increase in the number of addresses holding AVAX for over a year. This uptrend suggests growing confidence among long-term holders, who anticipate a potential price surge in the cryptocurrency.
On the sentiment front, Santiment’s data reveals that AVAX’s weighted sentiment has remained negative, indicating prevalent bearish sentiment in the market. However, recent trends show a decline in AVAX’s funding rate, which historically correlates with potential price increases. This divergence in sentiment metrics highlights the uncertainty and mixed signals surrounding AVAX’s short-term price outlook.
Market Capitalization and Ranking Potential
The potential for AVAX to enter the top 10 cryptocurrencies by market capitalization hinges on its ability to sustain momentum and attract continued investor interest. With a current market capitalization exceeding $10 billion, AVAX is positioned just outside the top 10 list. A 200% price rally, as speculated by analysts, could propel AVAX into the upper echelons of the cryptocurrency rankings, competing with established players like Cardano (ADA) and Polkadot (DOT).
Conclusion
In conclusion, Avalanche (AVAX) presents a compelling case for a potential surge driven by technical patterns, market sentiment, and investor optimism. The formation of a bullish falling wedge pattern on AVAX’s price chart has flashed speculation of a significant price rally, possibly leading to AVAX entering the top 10 cryptocurrencies by market capitalization.
However, investors and stakeholders must remain cautious amidst the inherent volatility of cryptocurrency markets. Factors such as regulatory developments, macroeconomic trends, and global market sentiment can influence AVAX’s price trajectory in unpredictable ways.
As the cryptocurrency landscape continues to evolve, AVAX’s ability to capitalize on its technical strengths and navigate market challenges will be critical in determining its long-term success and position within the broader digital asset ecosystem.
❤11😁10👍8🔥7👏6🥰5🎉5
Can AVAX jump to $30 in July? Rising trader demand says yes!
- Traders who purchased AVAX within the last 30 days have seen the highest increase among all holder categories.
Technical analysis showed that the token could see its price jump to $30.05.
- Unlike many other altcoins, Avalanche [AVAX] has been trading sideways in the last seven days. But that could be in line to change, according to AMBCrypto’s analysis.
One reason for this forecast is the observation we saw from the Addresses by Time Held. This metric shows if short-, mid, or long-term holders are buying more of a token. or doing otherwise.
It’s traders’ demand over holders faith
To achieve this, the blockchain analytic platform groups them into three. The first is Holders who have possessed the token for more than a year. Second in the group is Cruisers.
Cruisers are passive investors who have held a token between one to 12 months. Last on the list are Traders who purchased with the last 30 days.
At press time, traders had the highest increase out of the three. This implies that short-term holders are bullish on the AVAX potential.
Breakout on the cards?
From a technical perspective, the AVAX/USD daily chart showed the formation of a descending triangle. The descending triangle chart pattern appears when the price of a token hit lower highs and lower lows, and it is a bearish pattern.
However, this pattern helps to identify seller exhaustion. According to the chart below, this was the case with AVAX, with the pattern hinting at a breakout.
In addition, the Relative Strength Index (RSI) revealed that the token had exited the oversold region it was on 4th July. RSI measures momentum.
Readings below 30.00 indicate oversold levels while reading at 70.00 or above indicate overbought levels. Therefore, the rising reading implies increasing momentum for the altcoin.
- Traders who purchased AVAX within the last 30 days have seen the highest increase among all holder categories.
Technical analysis showed that the token could see its price jump to $30.05.
- Unlike many other altcoins, Avalanche [AVAX] has been trading sideways in the last seven days. But that could be in line to change, according to AMBCrypto’s analysis.
One reason for this forecast is the observation we saw from the Addresses by Time Held. This metric shows if short-, mid, or long-term holders are buying more of a token. or doing otherwise.
It’s traders’ demand over holders faith
To achieve this, the blockchain analytic platform groups them into three. The first is Holders who have possessed the token for more than a year. Second in the group is Cruisers.
Cruisers are passive investors who have held a token between one to 12 months. Last on the list are Traders who purchased with the last 30 days.
At press time, traders had the highest increase out of the three. This implies that short-term holders are bullish on the AVAX potential.
Breakout on the cards?
From a technical perspective, the AVAX/USD daily chart showed the formation of a descending triangle. The descending triangle chart pattern appears when the price of a token hit lower highs and lower lows, and it is a bearish pattern.
However, this pattern helps to identify seller exhaustion. According to the chart below, this was the case with AVAX, with the pattern hinting at a breakout.
In addition, the Relative Strength Index (RSI) revealed that the token had exited the oversold region it was on 4th July. RSI measures momentum.
Readings below 30.00 indicate oversold levels while reading at 70.00 or above indicate overbought levels. Therefore, the rising reading implies increasing momentum for the altcoin.
❤11👍8🔥7🥰6👏6😁3🎉3
Avalanche Price Forecast for September 7: AVAX Faces Challenges Below $21.75, Will It Overcome the Resistance?
The price of Avalanche (AVAX) fluctuated during today’s erratic trading session. With a current ranking of #12 on CoinMarketCap, the cryptocurrency asset has displayed both positive and negative trends, indicating the current volatility of the market. The price of the Avalanche coin was $21.50 at the time of writing.
Avalanche is still a major participant in the crypto market with a trading volume of $291.7M and a live market cap of $8.71 billion during the past day. AVAX coins have a maximum supply of 715,748,719, and a circulating supply of 405,253,350.
Price Chart Analysis: A Session of High Volatility
The price chart for Avalanche (AVAX) reveals a session filled with significant ups and downs. However, this initial optimism was short-lived as the price saw a sharp decline, dropping below the $21.25 mark. This decline reached its lowest point just above $20.25, highlighting a steep drop in value.
The end of the chart shows a slight rise, with the price closing around $21.53. This performance underscores the volatility in Avalanche’s trading session, with significant dips followed by partial recoveries, indicating the challenges faced by traders during this period.
Technical Indicators: Bearish Signals Persist
The following technical indicators for Avalanche also paint a bearish picture of the cryptocurrency. The Moving Average Convergence Divergence (MACD) indicator placed beneath the price chart also indicates a bearish crossover.
This is when the MACD line goes below the signal line and indicates that the bears are likely to keep on driving the trend. Also, the MACD histogram is below the zero line which also supports the bearish view of the market.
Another important factor that has to be taken into consideration is the RSI, which stands for Relative Strength Index and is at the moment at 43.51 points, which is below the neutral level of 50. This placement suggests that Avalanche is in the bear territory though it has not reached oversold condition.
The price of Avalanche (AVAX) fluctuated during today’s erratic trading session. With a current ranking of #12 on CoinMarketCap, the cryptocurrency asset has displayed both positive and negative trends, indicating the current volatility of the market. The price of the Avalanche coin was $21.50 at the time of writing.
Avalanche is still a major participant in the crypto market with a trading volume of $291.7M and a live market cap of $8.71 billion during the past day. AVAX coins have a maximum supply of 715,748,719, and a circulating supply of 405,253,350.
Price Chart Analysis: A Session of High Volatility
The price chart for Avalanche (AVAX) reveals a session filled with significant ups and downs. However, this initial optimism was short-lived as the price saw a sharp decline, dropping below the $21.25 mark. This decline reached its lowest point just above $20.25, highlighting a steep drop in value.
The end of the chart shows a slight rise, with the price closing around $21.53. This performance underscores the volatility in Avalanche’s trading session, with significant dips followed by partial recoveries, indicating the challenges faced by traders during this period.
Technical Indicators: Bearish Signals Persist
The following technical indicators for Avalanche also paint a bearish picture of the cryptocurrency. The Moving Average Convergence Divergence (MACD) indicator placed beneath the price chart also indicates a bearish crossover.
This is when the MACD line goes below the signal line and indicates that the bears are likely to keep on driving the trend. Also, the MACD histogram is below the zero line which also supports the bearish view of the market.
Another important factor that has to be taken into consideration is the RSI, which stands for Relative Strength Index and is at the moment at 43.51 points, which is below the neutral level of 50. This placement suggests that Avalanche is in the bear territory though it has not reached oversold condition.
The RSI has failed to break the 50 level in previous attempts, which is indicative of weak bullish pressure. This technical analysis shows that Avalanche may still be under pressure unless there is enough demand in the market.
👍15👌10🙏9😱8👀8🤔7🤯6
Is Avalanche (AVAX) Ready for a Bullish Shift?
Avalanche price gained 16%+ in the last week, but are positive media headlines enough to sustain the AVAX rally?
fter spending nearly six months in a downtrend, AVAX price looks to be in the early stages of a trend reversal. On Aug. 5, it traded at $17.29, its lowest price in nine months. Over the past two weeks, the altcoin has reversed course with a 45% gain to $25.25.
While AVAX’s flash crash under $18 was mirrored by most altcoins which also sharply sold off during Bitcoin’s BTC
$56,797 Aug. 18 correction to $49,500, AVAX $23.70 has been a laggard versus the wider market since topping out at $65 on March. 18.
Positive news could be partially responsible for the recent uptick in the AVAX price. This week, AVAX investors zoomed in on the Avalanche token unlock schedule and noted that a sharp reduction in the number of token unlock events occurs after the end of 2024. Many investors believe that token unlocks generate sell pressure and deter the various types of long-term ecosystem development that support value accretion to the token.
On Aug. 22, asset manager Grayscale Investments also announced the launch of a new investment fund for AVAX, the “Grayscale Avalanche Trust,” which gives investors exposure to the networks’ growing ecosystem.
On the same day, global asset management firm Franklin Templeton also expanded its Franklin Onchain US Government Money Fund to the Avalanche network. As reported by Cointelegraph, “The fund, which launched in 2021, allows institutional investors access to Franklin Templeton’s blockchain-integrated record-keeping system, Benji Investments.”
While the token unlocks and Grayscale Investments and Franklin Templeton news are not necessarily fundamentals-based developments directly related to AVAX, the boost in positive sentiment could be influencing investors' feelings about the altcoin’s price prospects.
Avalanche price gained 16%+ in the last week, but are positive media headlines enough to sustain the AVAX rally?
fter spending nearly six months in a downtrend, AVAX price looks to be in the early stages of a trend reversal. On Aug. 5, it traded at $17.29, its lowest price in nine months. Over the past two weeks, the altcoin has reversed course with a 45% gain to $25.25.
While AVAX’s flash crash under $18 was mirrored by most altcoins which also sharply sold off during Bitcoin’s BTC
$56,797 Aug. 18 correction to $49,500, AVAX $23.70 has been a laggard versus the wider market since topping out at $65 on March. 18.
Positive news could be partially responsible for the recent uptick in the AVAX price. This week, AVAX investors zoomed in on the Avalanche token unlock schedule and noted that a sharp reduction in the number of token unlock events occurs after the end of 2024. Many investors believe that token unlocks generate sell pressure and deter the various types of long-term ecosystem development that support value accretion to the token.
On Aug. 22, asset manager Grayscale Investments also announced the launch of a new investment fund for AVAX, the “Grayscale Avalanche Trust,” which gives investors exposure to the networks’ growing ecosystem.
On the same day, global asset management firm Franklin Templeton also expanded its Franklin Onchain US Government Money Fund to the Avalanche network. As reported by Cointelegraph, “The fund, which launched in 2021, allows institutional investors access to Franklin Templeton’s blockchain-integrated record-keeping system, Benji Investments.”
While the token unlocks and Grayscale Investments and Franklin Templeton news are not necessarily fundamentals-based developments directly related to AVAX, the boost in positive sentiment could be influencing investors' feelings about the altcoin’s price prospects.
🔥20❤15👍6⚡6👏4🤩4🙏4💯3👌2🤝2😎2