$AVAX Up +3.6% against the market, closing in on the daily high
$AVAX Trading around 8,478 USDT tonight, up 3.63% over 24 hours, with a volume of about 23.04 million USDT. Today's range: 7,773–8,653 USDT.
As the market sank into the red and more than $1 billion was liquidated, $AVAX was among the few coins that managed to hold onto its gains. BTC is still down 1.40%, trading around 74,902 USDT, despite recovering from a low of 73,510. The price of $AVAX is closing in on the daily high of 8,653, meaning buying pressure has remained steady throughout the market's sharp swings. A breakout above this high could open up more room to rise, while a drop below 8.20 would signal that the short-term rally is starting to lose steam.
Knowledge corner: $AVAX is Avalanche's token. Avalanche is a prominent Layer 1 network with a mechanism that allows independent subnets (now evolving into separate L1s) to share security infrastructure. $AVAX is used to pay fees and stake to secure the network. Its maximum supply is fixed at 720 million, making it one of the few assets with a hard cap like Bitcoin.
Do you think $AVAX will break the daily high of 8,653, or is this just a technical rebound amid a broader weak trend?
(Not investment advice)
$AVAX Trading around 8,478 USDT tonight, up 3.63% over 24 hours, with a volume of about 23.04 million USDT. Today's range: 7,773–8,653 USDT.
As the market sank into the red and more than $1 billion was liquidated, $AVAX was among the few coins that managed to hold onto its gains. BTC is still down 1.40%, trading around 74,902 USDT, despite recovering from a low of 73,510. The price of $AVAX is closing in on the daily high of 8,653, meaning buying pressure has remained steady throughout the market's sharp swings. A breakout above this high could open up more room to rise, while a drop below 8.20 would signal that the short-term rally is starting to lose steam.
Knowledge corner: $AVAX is Avalanche's token. Avalanche is a prominent Layer 1 network with a mechanism that allows independent subnets (now evolving into separate L1s) to share security infrastructure. $AVAX is used to pay fees and stake to secure the network. Its maximum supply is fixed at 720 million, making it one of the few assets with a hard cap like Bitcoin.
Do you think $AVAX will break the daily high of 8,653, or is this just a technical rebound amid a broader weak trend?
(Not investment advice)
