AVAX cryptocurrency trades up $0.295, approximately 1.98% higher going into tomorrow

Currently trading at $15.19, AVAX remains range-bound between $14.69 and $15.28.

Avalanche made an initial breakout above its 10 day Simple Moving Average at $15.11, a potential indicator of a newly emerging bullish phase. AVAX's lower Bollinger Band® is at $14.04, indicating that the market is oversold and fertile for new buyers. AVAX broke through the $15.13 resistance, climbing 6 cents above it.

Examining the technical analysis landscape, Avalanche might continue its downtrend in the short term.

AVAX shows positive signs, other assets are also on par: FTX Token is up 9.54%. Having closed the previous session at $90.12, Litecoin is up 4.16% today to currently trade at around $93.86. Having closed the previous session at $0.845, MaticNetwork USD is up 4.93% today to currently trade at around $0.886.

AVAX is trading 57.39% lower compared to the $34.87 high it reached over the past year. AVAX has a market cap of 5 billion with an average daily volume of 136.82 million.