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April 11, 2023
Tentatively higher from an earlier low of $17.91, Avalanche is up to $18.39 today, adding $0.442, or 2.46%, to today's closing price of $17.95.
Avalanche broke through the $18.15 resistance, climbing 24 cents above it. Investors are seeking long positions as AVAX price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. AVAX formed a session range of $17.91 to $18.56 leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of $18.47. Avalanche has crossed the upper Bollinger Band® at $18.37, a potential sign that further gains are to follow.
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: Solana surges 13.04% to trade around $23.63. FTX Token soars 9.54% to trade around $1.36. Bitcoin is up 2.89%.
Avalanche reached a significant high of $81.13 around 11 months ago but has lost 77.88% since then. Avalanche is currently trading with a market cap of 6.00 billion with an average daily volume of 163.63 million.
