Mixed sentiment leads Avalanche cryptocurrency to trade sideways; establishes tight $11.31 to $11.37 range

A mostly flat day so far for Avalanche, ranging between $11.31 and $11.37; currently at $11.36.

Momentum evaluation shows that the Relative Strength Index indicates Avalanche is in an oversold condition, which could precipitate a reversal and set up a new bullish phase. Chart analysis suggests Avalanche is approaching key support, around 11 cents away from $11.25. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls.

Other markets show mixed performance as FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $0.115, Algorand USD is up 1.42% today to currently trade at around $0.117.

AVAX has shed 34.65% over the past three months. AVAX has a market cap of 3.92 billion with an average daily volume of 143.49 million.