Avalanche (AVAX) has been relatively average in terms of volatility compared to other cryptocurrencies. So far on Sunday, the cryptocurrency added 8.88% to $88.8.
Investors The avalanche gives an average volatility rating of 29, which puts it in the lowest 29% of the cryptocurrencies in the market.
It follows the volatility meter which means that one day it will not determine its own volatility rating – it will determine the trend. The AVAX moderate volatility reading is paired with a low reading on the risk/reward scale, which means that the currency has moderate price volatility and is well protected from price manipulation.
The avalanche price is trading above the resistance level. With support set at $77.63 and resistance at $87.46. This leaves the avalanche out of range and may be in choppy mode if the altitude burns out.
What is the currency?
A coin is a cryptocurrency that is on its own blockchain. These are commonly used for payments. Depending on the cryptocurrency, the use of these payments may vary from general use in the digital money sub-category to more specific uses in some other sub-category.