AVAX cryptocurrency trades up $0.1, approximately 0.77% higher going into tomorrow

Avalanche spiked to $13.43 before dropping back to its pre-spike levels and is now heading towards the close around $13.22.

Avalanche broke through the $13.28 resistance and climbed 6 cents above it. Avalanche's upper Bollinger Band® is at $13.97, this is a slight indication of a slowdown. Despite this, Fibonacci-focused traders would be interested to note that Avalanche is oscillating around the key Fibonacci resistance level of $13.25.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Avalanche is set for a reversal in the coming days.

Other markets are also showing gains as FTX Token is up 9.54%.

At the same time, after ending today's session at $113.08, Litecoin lost $6.68 and is trading around $106.4. After ending today's session at $298.69, Bitcoin Cash lost $16.22 and is trading around $282.47.

Having soared to a high of $29.36 approximately 10 months ago, AVAX is now trading 55.34% lower. AVAX has a market cap of 4.57 billion with an average daily volume of 139.19 million.