AVAX cryptocurrency trades up $0.12, approximately 0.82% higher this afternoon

AVAX trades at $14.81 after gaining $0.12 (0.82%).

Avalanche made an initial breakout above its 10 day Simple Moving Average at $14.78, a potential indicator of a newly emerging bullish phase. AVAX's lower Bollinger Band® is at $13.67, indicating that the market is oversold and fertile for new buyers. On the other hand, note that AVAX broke through the $14.87 resistance and climbed 6 cents above it.

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

Other markets are also showing gains as FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $26,854, Bitcoin is up 1.69% today to currently trade at around $27,300.

At the same time, UNICORN Token USD slips 2.98% to trade around $6.43.

AVAX has shed 28.61% over the past three months. AVAX has a market cap of 4.95 billion with an average daily volume of 124.61 million.