After three days of declines, Avalanche is up $0.159 today

Small gain for AVAX at $15.19 after ranging between $14.86 and $15.19 today.

Avalanche made an initial breakout above its 5 day Simple Moving Average at $15.12, a potential indicator of a newly emerging bullish phase. Avalanche's lower Bollinger Band® is at $14.17, indicating that the market is oversold and fertile for new buyers. Avalanche broke through the $15.07 resistance and climbed above it 11 cents; next resistance level is at $15.25.

Examining the technical analysis landscape, Avalanche might continue its downtrend in the short term.

AVAX shows positive signs, other assets are also on par: FTX Token gained 9.54% and is now trading at $1.36. Litecoin is up 4.26%. Bitcoin Cash climbs 2.88% to trade around $118.71.

Since its 52-week high of $36.52, AVAX has lost 59% over the last twelve months. Avalanche is currently trading with a market cap of 5 billion with an average daily volume of 147.60 million.