Tentatively higher from an earlier low of $11.37, AVAX is up to $11.93 today, adding $0.541, or 4.75%, to today's closing price of $11.39.
Avalanche made an initial breakout above its 3 day Simple Moving Average at $11.91, a potential indicator of a newly emerging bullish phase. Avalanche's lower Bollinger Band® is at $11.66, indicating that the market is oversold and fertile for new buyers. In contrast, although AVAX is appreciating today after rising as high as $12, price action is now slowing and consolidating around 56 cents below the $12.49 resistance level.
AVAX continues to move higher with technical analysis indicating the trend will continue in the short term.
AVAX shows positive signs, other assets are also on par: having closed the previous session at $240.63, Binance Coin is up 3.59% today to currently trade at around $249.27. Dogecoin gained 4.4% and is currently trading at $0.075. Ethereum is up 3.46%.
AVAX is now trading 90.77% below the significant high of $123.33 it set around 11 months ago. Avalanche is currently trading with a market cap of 3.71 billion with an average daily volume of 13.49 million.