A slow down? After seven days of going up, Avalanche is flat today, hovering around $19.15.

AVAX is now trading at $19.15 after tracing out a steady $19.03 – $19.48 range today.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, Avalanche's upper Bollinger Band® is at $19.18, suggesting that a downward move may follow. Following today's trading session, chart analysis suggests Avalanche is approaching key support, around 62 cents away from $18.53. 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.

Notwithstanding Avalanche's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

While AVAX is pretty flat so far today, mixed performances are seen elsewhere as FTX Token is up 9.54%. Cardano ascends 3.18% to trade around $0.451. Chainlink USD gained 3.24% and is currently trading at $8.

11 months ago Avalanche reached a significant high of $79.22 but has consequently lost 75.73% since then. AVAX has a market cap of 6.25 billion with an average daily volume of 159.80 million.