Without a clear-cut direction, AVAX is trading around $15.81 and ranging between $15.63 and $15.87.
Technical analysis shows that Avalanche is approaching key support, around 35 cents away from $15.46. 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. Concerning technical analysis and more specifically, trend indicators, Avalanche made an initial break below its 10 day Simple Moving Average at $15.64, a possible indication of a forthcoming negative trend. According to asset volatility analysis, AVAX's upper Bollinger Band® is at $17.51 and the lower is $14.73.
Overall, the technical outlook suggests AVAX is likely to remain muted for the immediate future, with no clear-cut direction.
While AVAX is pretty flat so far today, mixed performances are seen elsewhere as after ending today's session at $0.466, Ripple lost $0.005 and is trading around $0.461. Having closed the previous session at $1.07, EOS is up 0.98% today to currently trade at around $1.08.
Avalanche reached a significant high of $134.53 around 10 months ago but has lost 88.32% since then. Avalanche has a market cap of 4.69 billion with an average daily volume of 19.55 million.