Without a clear-cut direction, AVAX is trading around $20.77 and ranging between $20.75 and $20.93.
With regards to technical trend indicators, chart analysis show that the MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Analysis based on the asset volatility indicates that AVAX's upper Bollinger Band® is at $22.11, suggesting that a downward move may follow. As the day gets underway, chart analysis suggests AVAX is approaching key support, around $1.11 away from $19.66. 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.
Overall, while AVAX has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
While AVAX is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. Having closed the previous session at $145.06, Bitcoin Cash is up 2.86% today to currently trade at around $149.21. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.
AVAX has fallen back around 79.04% from the significant high of $99.74 set 10 months ago. AVAX has a market cap of 6.55 billion with an average daily volume of 170.58 million.