Avalanche cryptocurrency trades up $0.44, approximately 2.57% higher going into tomorrow

AVAX trades at $17.52 after gaining $0.44 (2.57%).

Avalanche's lower Bollinger Band® is at $16.47, indicating that the market is oversold and fertile for new buyers. On the other hand, note that after reaching the known resistance zone beginning at $17.65, Avalanche price action retreated approximately 13 cents.

Following today's unexpected gains, extensive multifactorial technical analysis forecasts AVAX to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Avalanche is expected to pick up significant bullish sentiment in the coming days.

Avalanche shows positive signs, other assets are also on par: FTX Token gained 9.54% and is now trading at $1.36. EOS climbs 3.79% to trade around $1.19. Litecoin goes up 3.66% to trade around $97.41.

Approximately 11 months ago, AVAX reached a significant high of $99.74 but has struggled to hold onto its gains and declined 82.87% since then. AVAX has a market cap of 5.69 billion with an average daily volume of 250.29 million.