Mixed sentiment leads Avalanche cryptocurrency to trade sideways; establishes tight $17.58 to $18.16 range

AVAX trades at $17.61, after ending today at $17.72.

Avalanche's upper Bollinger Band® is at $19.37, suggesting that a downward move may follow.

Despite the market lacking direction, technical chart analysis strongly suggests AVAX is positioned for a downward move in the near term.

While Avalanche is pretty flat so far today, mixed performances are seen elsewhere as FTX Token jumps 9.54% to trade around $1.36. TRON is down to $0.067, losing $0.001, after closing at $0.068 in the preceding trading session. Binance Coin gained 1.17% and is currently trading at $343.12.

AVAX has fallen back around 82.23% over the past 11 months, from a notable high of $99.74. AVAX has a market cap of 5.74 billion with an average daily volume of 225.65 million.