AVAX recovers back to $16.15 today after dipping down to $15.87, in a session that follows a previous closing value of $16.14.
A study of AVAX's chart reveals various key levels to watch: Avalanche bounced after reaching the $15.87 support zone, climbing 28 cents above it. With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that AVAX's upper Bollinger Band® is at $21.54 and the lower is $15.3.
The current technical outlook indicates Avalanche will continue to ebb sideways within tight ranges for the immediate future.
While AVAX is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. Binance Coin closed at $284.72 (down 1.39%).
Over the past 11 months, AVAX has retreated 83.82% from a noteworthy peak of $99.74. Avalanche has a market cap of 5.25 billion with an average daily volume of 249 million.