Mixed sentiment leads Avalanche cryptocurrency to trade sideways; establishes tight $14.6 to $14.7 range

Avalanche is now trading at $14.67 after tracing out a steady $14.6 – $14.7 range today.

Avalanche is approaching key support, around 33 cents away from $14.34. 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. AVAX's upper Bollinger Band® is at $17.53 and the lower is $13.82.

Despite muted price action in Avalanche, chart analysis indicates it is positioned for a bullish run in the short term.

Other markets show mixed performance as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43. Litecoin gained 2.05% and is now trading at $92.3.

AVAX has shed 25.45% over the past three months. AVAX is currently trading with a market cap of 4.89 billion with an average daily volume of 133.89 million.