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April 30, 2023Without a clear-cut direction, AVAX is trading around $17.37 and ranging between $17.3 and $17.49.
Trend-focused traders would be interested to note that Avalanche made an initial break below its 10 day Simple Moving Average at $17.4, a possible indication of a forthcoming negative trend. Analysis based on the asset volatility indicates that AVAX's upper Bollinger Band® is at $20.74 and the lower is $15.79. A study of Avalanche's chart reveals various key levels to watch: AVAX is oscillating around the $17.45 level serving as support.
Overall, technical indicators suggest AVAX has no obvious direction for the immediate future.
While Avalanche is pretty flat so far today, mixed performances are seen elsewhere as FTX Token surges 9.54% to trade around $1.36. UNICORN Token USD added 1.62% to its value, now trading at $6.47. Tezos USD is trading around $1 (down $0.027).
Having set a significant high of $67.09 11 months ago, Avalanche is trading 73.94% lower. Avalanche has a market cap of 5.70 billion with an average daily volume of 221.99 million.
