| 
June 25, 2023Tentatively higher from an earlier low of $13, Avalanche is up to $13.46 today, adding $0.462, or 3.42%, to today's closing price of $13.
Trend and momentum analysis indicates that Avalanche made an initial breakout above its 3 day Simple Moving Average at $13.11, a potential indicator of a newly emerging bullish phase. Price action overcame a known Fibonacci resistance level at $13.28 by around $0.177 with prices hammering out a $13 – $13.67 session range. Analysis based on the asset volatility indicates that AVAX's upper Bollinger Band® is at $14.24, this is a slight indication of a slowdown. As the trading day comes to an end, chart analysis indicates AVAX broke through the $13.31 resistance, climbing 15 cents above it.
Notwithstanding AVAX's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Other markets are also showing gains as FTX Token jumps 9.54% to trade around $1.36. UNICORN Token USD gained 12.34% and is currently trading at $5.32.
At the same time, Bitcoin Cash closed at $193.27 (down 9.82%).
Having soared to a high of $29.36 approximately 10 months ago, AVAX is now trading 55.67% lower. AVAX has a market cap of 4.65 billion with an average daily volume of 143.56 million.
