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Avalanche (AVAX) Down 0.01% Friday: What’s Next?

Avalanche (AVAX) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Distributed Software Platform has declined 1.47% to $16.14.

InvestorsObserver is giving Avalanche a 57 Volatility Rank. Find out what this means to you and get the rest of the rankings on Avalanche!

Moderately Volatile

InvestorsObserver gives Avalanche a moderate volatility rank of 57, placing it in the top 43% of cryptos on the market.

The Volatility Gauge follows meaning that one day won’t make or break its rank. AVAX’s moderate volatility reading is paired 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 well positioned going forward. With support near $15.26 and resistance around $17.15. This leaves Avalanche with room to run before facing selling pressures.

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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