Avalanche cryptocurrency trades up $0.144, approximately 1.14% higher this afternoon

Tentatively higher from an earlier low of $12.67, Avalanche is up to $12.82 today, adding $0.144, or 1.14%, to today's closing price of $12.67.

Avalanche made an initial breakout above its 21 day Simple Moving Average at $12.73, a potential indicator of a newly emerging bullish phase. In contrast, AVAX could be slowing down soon; it is getting close to the resistance line and is now at $13.12, only 30 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.

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

Avalanche shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin Cash is up 6.16%. Having closed the previous session at $0.68, EOS is up 2.08% today to currently trade at around $0.694.

AVAX has fallen back around 56.83% over the past 10 months, from a notable high of $29.36. AVAX is currently trading with a market cap of 4.42 billion with an average daily volume of 147.79 million.