Losing streak continues, AVAX lost $0.113 to $15.3 adding to its five consecutive days of drops

Slightly weaker but mostly flat: AVAX is currently trading at $15.3 as it maintains an active range between $15.27 and $15.57.

Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, Bollinger Bands® shows an indication of recovery: the lower band is at $15.37, a low enough level to, generally, suggest that AVAX is trading below its fair value. As the trading day comes to an end, chart analysis indicates Avalanche could begin to recover as it approaches significant support, now 57 cents away from $14.73. Dipping below could be an indication that further losses are ahead.

All in all, the technical analysis suggests Avalanche has no clear-cut direction.

Positive performances can be seen by looking at other markets as Bitcoin Cash gained 9.12% and is currently trading at $121.38. FTX Token leaps up 9.54% to trade around $1.36. Litecoin rises 2.46% to trade around $79.74.

Avalanche has fallen back around 66.16% over the past 11 months, from a notable high of $45.56. Avalanche is currently trading with a market cap of 5 billion with an average daily volume of 187.47 million.