A mostly flat day so far for Avalanche, ranging between $13.51 and $13.67; currently at $13.61.
Avalanche is approaching key support, around 60 cents away from $13. 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. Avalanche made an initial breakout above its 3 day Simple Moving Average at $13.64, a potential indicator of a newly emerging bullish phase. On the other hand, note that AVAX's upper Bollinger Band® is at $13.96, suggesting that a downward move may follow.
Although price action remains in a stalemate, technical analysis suggests AVAX could be primed for a break to the upside.
While AVAX is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is down $0.021 from the beginning of the session and now trades around $1.37. After ending today's session at $0.39, Ripple lost $0.003 and is trading around $0.386. NEAR Protocol moves up 2.31% to trade around $1.76.
AVAX is now trading 88.97% below the significant high of $123.33 it set around 11 months ago. AVAX is currently trading with a market cap of 4.22 billion with an average daily volume of 13.66 million.