Avalanche cryptocurrency trades up $0.738, approximately 6.1% higher going into tomorrow

Tentatively higher from an earlier low of $12.08, Avalanche is up to $12.83 today, adding $0.738, or 6.1%, to today's closing price of $12.09.

Avalanche made an initial breakout above its 21 day Simple Moving Average at $12.74, a potential indicator of a newly emerging bullish phase. Avalanche formed a session range of $12.08 to $13 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $12.7. Avalanche broke through the $12.2 resistance and climbed above it 63 cents; next resistance level is at $12.45.

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

Other markets are also showing gains as having closed the previous session at $109.92, Bitcoin Cash is up 22.27% today to currently trade at around $134.41. Bitcoin rallies 5.73% to trade around $29,900. Having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

AVAX has shed 31.42% over the past three months. AVAX is currently trading with a market cap of 4.43 billion with an average daily volume of 140.73 million.