Cryptocurrency

Polkadot

April

Avalanche

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Avalanche price analysis shows a volatile downtrend taking shape, as price dropped as low as $16.28 today. Following a positive sight over the past few days, AVAX recovered up to $17.72 after initially dropping heavily from $21.52 on April 19. However, a 3 percent downtrend followed over the past 24 hours, pulling price back to $17.19 at the time of writing, with heavy volatility shown. Avalanche bulls will still have the $18 resistance in sight, with trading volume over the past 24 hours picking up more than 53 percent. 



The larger cryptocurrency market offered little improvement on yesterday&#8217;s price action, as <a href="https://www.cryptopolitan.com/bitcoin-price-forecast/?swcfpc=1">Bitcoin</a> remained at $28,500, with <a href="https://www.cryptopolitan.com/ethereum-price-prediction/?swcfpc=1">Ethereum</a> staying put just below the $1,900 mark. Among Altcoins, <a href="https://www.cryptopolitan.com/xrp-price-prediction/?swcfpc=1">Ripple</a> dropped 2 percent to $0.45, whereas <a href="https://www.cryptopolitan.com/cardano-price-prediction/?swcfpc=1">Cardano</a> moved up by 2 percent to reach up to $0.39. Meanwhile, <a href="https://www.cryptopolitan.com/dogecoin-price-prediction/?swcfpc=1">Dogecoin</a> stayed at $0.07 following a 2 percent decrement, whereas Polkadot also lowered 2 percent to $5.38. 



<figure class="wp-block-image size-large"><img width="1200" height="486" src="https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-1200x486.png" alt="Screenshot 2023 04 26 at 11.23.14 PM" class="wp-image-295923" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-1200x486.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-300x122.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-768x311.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-1536x622.png 1536w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-2048x830.png 2048w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-24x10.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-36x15.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-48x19.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/Screenshot-2023-04-26-at-11.23.14-PM-150x61.png 150w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>Avalanche price analysis: Cryptocurrency heat map. Source: <a href="https://coin360.com/" rel="nofollow noopener" target="_blank">Coin360</a></figcaption></figure>



<h2 id="avalanche-price-analysis-avax-seen-taking-another-tumble-on-the-daily-chart">Avalanche price analysis: AVAX seen taking another tumble on the daily chart</h2>



On the 24-hour candlestick chart for Avalanche price analysis, price can be seen undergoing a rather sudden and volatile decline over the past 24 hours. Previously, a recovery seemed to have been forming just above the $17 mark, with a sideways trend taking shape. However, today&#8217;s push down to a low of $16.28 took price below its 9 and 21-day moving averages, along with the crucial 50-day exponential moving average (EMA) at $17.73. 



<figure class="wp-block-image size-large"><img loading="lazy" width="1200" height="813" src="https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-1200x813.png" alt="AVAXUSDT 2023 04 26 23 26 13" class="wp-image-295924" srcset="https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-1200x813.png 1200w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-300x203.png 300w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-768x520.png 768w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-24x16.png 24w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-36x24.png 36w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-48x33.png 48w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13-150x102.png 150w, https://www.cryptopolitan.com/wp-content/uploads/2023/04/AVAXUSDT_2023-04-26_23-26-13.png 1530w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption>Avalanche price analysis: 24-hour chart. Source: <a href="https://coinmarketcap.com/currencies/avalanche/" rel="nofollow noopener" target="_blank">Trading View</a></figcaption></figure>



The 24-hour relative strength index (RSI) can also be seen dropping back into the early 40&#8217;s, after keeping on the upside over the past few days. The RSI currently shows low and volatile market valuation around the 44 mark, whereas the moving average convergence divergence (MACD) curve also shows a bearish divergence in place with the trend line sitting well below the signal line. 



Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Avalanche price analysis: AVAX drops again showing great volatility around $17 mark

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