A mostly flat day so far for Avalanche, ranging between $19.03 and $19.48; currently at $19.17.
AVAX's notable support and resistance levels: Avalanche is approaching key support, around 64 cents away from $18.53. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Avalanche's upper Bollinger Band® is at $19.18, suggesting that a downward move may follow.
Overall, while Avalanche has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
While Avalanche is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.438, Cardano is up 4.53% today to currently trade at around $0.457. Having closed the previous session at $2.22, NEAR Protocol is up 4.92% today to currently trade at around $2.33.
AVAX has fallen back around 75.73% over the past 11 months, from a notable high of $79.22. Avalanche has a market cap of 6.25 billion with an average daily volume of 159.80 million.