Avalanche cryptocurrency trades up $0.708, approximately 4.85% higher going into tomorrow

Avalanche posts light gains on a low-volatility day, ranging between $14.36 – $15.3 and is now at $15.29.

Avalanche made an initial breakout above its 5 day Simple Moving Average at $14.65, a potential indicator of a newly emerging bullish phase. Despite this, AVAX could be slowing down soon as it approaches resistance at $15.19. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Avalanche might continue pointing upwards in the short term.

Avalanche shows positive signs, other assets are also on par: FTX Token is up 9.54%. Litecoin added 5.6% to its value, now trading at $73.36. Having closed the previous session at $0.059, TRON is up 3.96% today to currently trade at around $0.062.

Over the past 11 months, AVAX has retreated 85.38% from a noteworthy peak of $99.74. Avalanche is currently trading with a market cap of 4.98 billion with an average daily volume of 234 million.