Avanalance -Blockchain for Real-World Assets

Avalanche is a high-performance, scalable, customization, and secure blockchain platform. Avalanche comprises three blockchain

C-Chain- The C stands for contract, and this is the chain that’s used for smart contracts and
Defi apps. It uses an Ethereum-style address with 0x at the beginning, which can be added to your Metamask.

The X-chain is used for sending and receiving funds. It helps in utilizing the Avalanche Consensus mechanism to achieve consensus among participants in networks. The P-chain's function allows you to stake AVAX and serve as a validator. 

Current TPS- 4500

Blocktime-<2 seconds

Number of validators- 1619

Recent News -

Global investment firm  Franklin Templeton with $1.6T AUM expands its L1 blockchain footprint to Avalanche.  Grayscale Investments® Launches Grayscale® Avalanche Trust.

AVAXUSD prices surged more than 25% in the past four days. It hit a high of $26.63 at the time of writing and currently trading around $26.421 The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).

The near-term resistance is around $30.25, any indicative breach above will take the pair to $33.50/$41.50.On the lower side, immediate support is $23, and any violation below targets $19.79/$14.

Indicators ( 4-Hour chart)

Directional movement index - Bullish

It is good to buy on dips around $23 with SL around $19.79 for a TP of $30.