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June 20, 2023
Avalanche falls to $11.34, following mixed behavior today as it ranges between $11.34 and $11.56.
Avalanche could begin to recover as it approaches significant support, now 9 cents away from $11.25. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, Avalanche peaked above its 10 day Simple Moving Average around $11.56 — typically an early indicator of a new bullish trend beginning to emerge.
Technical analysis indicates that AVAX (currently on a downtrend) might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, Ripple is down to $0.482, losing $0.011, after closing at $0.493 in the preceding trading session. EOS slumps 2.08% to trade around $0.616.
Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.
AVAX has shed 31.51% over the past three months. Avalanche is currently trading with a market cap of 3.91 billion with an average daily volume of 142.54 million.
