Current AVAX Price Overview
As of the latest data, the price of Avalanche (AVAX) stands at US$18.07. The previous closing price was US$18.85, while it opened today at US$18.54. The daily trading range has fluctuated between US$17.97 and US$18.87. Over the past month, AVAX has experienced a broader price range, moving from US$15.61 to US$22.77.
Analytical forecasts suggest a potential rise to approximately US$19.12 by the end of this week. However, by the end of the month, there is a possibility of a decline, with prices potentially moving toward US$13.63.
Key Avalanche (AVAX) Statistics
Understanding the fundamental metrics of Avalanche provides context for its market behavior and potential future movements.
- Fully Diluted Market Cap: US$146,217,864,012.99
- Market Cap: US$13,292,974,586.39
- 24-Hour Trading Volume: US$316,647,988.75
- Circulating Supply: 422,180,495.15 AVAX
- Max Supply: 457,183,195.15 AVAX
These figures highlight the asset's significant market presence and liquidity, which are crucial for traders and investors.
Short-Term AVAX/USD Forecast
Daily Predictions for the Coming Week
Market analysts utilize a combination of technical indicators and predictive models to forecast short-term price movements. The following table outlines the daily predictions for AVAX/USD over the next week.
| Date | Day | Low | High | Average |
|---|---|---|---|---|
| July 5 | Saturday | US$18.40 | US$18.56 | US$18.48 |
| July 6 | Sunday | US$18.72 | US$19.38 | US$19.05 |
| July 7 | Monday | US$18.63 | US$19.36 | US$19.00 |
| July 8 | Tuesday | US$17.86 | US$18.54 | US$18.20 |
| July 9 | Wednesday | US$17.89 | US$19.31 | US$18.60 |
| July 10 | Thursday | US$19.26 | US$19.65 | US$19.46 |
| July 11 | Friday | US$18.89 | US$19.35 | US$19.12 |
Weekly Predictions for the Current Month
For those considering a slightly longer horizon, here is a breakdown of the predicted weekly averages and ranges for the remainder of the month.
| Date Range | Week | Low | High | Average |
|---|---|---|---|---|
| July 7 - 13 | Week 1 | US$15.46 | US$16.76 | US$16.11 |
| July 14 - 20 | Week 2 | US$15.49 | US$17.83 | US$16.66 |
| July 21 - 27 | Week 3 | US$12.64 | US$15.06 | US$13.85 |
| July 28 - Aug 3 | Week 4 | US$13.29 | US$13.96 | US$13.63 |
Technical Analysis and Market Indicators
Technical analysis is a cornerstone of short-term cryptocurrency trading. Predictions are often generated by analyzing moving averages and various technical indicators across different time frames.
- Short-Term Signals (5 minutes - 2 hours): Ideal for day traders looking to capitalize on intraday volatility.
- Long-Term Signals (4 hours - 1 week): Better suited for swing traders who hold positions for several days or weeks.
The current aggregated technical signals for AVAX/USD across various time frames can indicate overall market sentiment, often categorized as:
- Strong Buy
- Buy
- Neutral
- Sell
- Strong Sell
It is important to align the chosen time frame for analysis with your intended trading strategy. Signals can vary significantly between a 5-minute chart and a daily chart.
👉 Explore advanced technical analysis tools
Frequently Asked Questions
What is Avalanche (AVAX)?
Avalanche is a decentralized, open-source proof-of-stake blockchain with smart contract functionality. It is designed to be a highly scalable platform for decentralized applications and custom blockchain networks, aiming to compete with Ethereum by offering higher transaction throughput.
How accurate are these price predictions?
Cryptocurrency price predictions are based on statistical models and technical analysis of historical data. While they can provide insight into potential market trends, they are not guarantees. The crypto market is highly volatile and influenced by a wide range of unpredictable factors, including global news, regulatory changes, and overall market sentiment.
What does "Fully Diluted Market Cap" mean?
Fully Diluted Market Cap is a metric that calculates a cryptocurrency's total market value if its entire maximum supply were in circulation. It is calculated by multiplying the asset's current price by its maximum supply. This provides a theoretical maximum valuation.
What is the best time frame for trading AVAX?
The optimal time frame depends entirely on your trading style. Scalpers may use 5 or 15-minute charts, day traders often rely on 1-hour and 4-hour charts, while long-term investors primarily focus on daily and weekly charts to inform their decisions.
Where can I trade AVAX/USD?
AVAX is listed on numerous major cryptocurrency exchanges where it can be traded against the US Dollar (USD) and other cryptocurrencies. It is crucial to choose a reputable and secure platform that aligns with your trading needs. 👉 View trusted trading platforms
Why does the price forecast change so frequently?
Cryptocurrency prices are driven by real-time supply and demand. Forecasts change because the underlying market data—trading volume, order book depth, and technical indicators—is constantly in flux based on global trading activity. A major news announcement can instantly invalidate a previous forecast.
This analysis is provided for informational purposes only and should not be considered financial advice. Always conduct your own research and consider your risk tolerance before investing in any asset.