Avalanche (AVAX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Distributed Software Platform has gained 1.71% to $11.91.
Moderately Volatile
InvestorsObserver gives Avalanche a moderate volatility rank of 31, placing it in the bottom 31% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won’t define its volatility rank – a trend will.
AVAX’s moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Avalanche price is trading near resistance. With support around $11.3 and resistance set at $12.1. This positions Avalanche with potential selling pressures ahead as it may be getting over extended.
What is a Coin?
A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.
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