Watch: the daily chart check
▶ PlayThe daily candle
Avalanche closed the October 29 daily candle at $8.28, down 8.02% on the day, after trading between $8.23 and $9.08. What stands out on the daily chart: sharp move, 30-day closing low, RSI oversold.
Moving averages
The close of $8.28 is 13.6% below the 20-day average ($9.58).
The close of $8.28 is 15.1% below the 50-day average ($9.74).
Momentum: RSI and MACD
The 14-day RSI reads 29.6, below 30, the range usually called oversold. RSI compares the size of recent up days with recent down days on a 0 to 100 scale.
MACD (12, 26, 9) is -0.3644 against a signal line of -0.2197, so the MACD line is below its signal. MACD measures the gap between a fast and a slow exponential average.
Volume and range
Volume on the day was 1.51 times its 20-day average. Volume counts how much traded; a move on heavy volume involved more of the market than one on light volume.
The Bollinger Bands (20 days, 2 standard deviations) run from $8.31 to $10.84, and the close is below the lower band.
Over the previous 30 days the highest close was $11.60 and the lowest $8.93.
What it costs to hold a position
Anyone holding a AVAX perpetual future pays or receives funding every settlement, and the rate differs by exchange. Today's rates across venues are on the AVAX funding page.