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March 04, 2023
Avalanche trades at $16.73 after gaining $0.075 (0.45%).
'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end. Avalanche made an initial breakout above its 3 day Simple Moving Average at $16.82, a potential indicator of a newly emerging bullish phase. AVAX's upper Bollinger Band® is at $21.33 and the lower is $15.86. Avalanche bounced after reaching the $16.63 support zone, climbing 11 cents above it.
With market volatility ebbing, the current technical outlook indicates Avalanche will break higher above its recent ranges in the immediate future.
At the same time, mixed performances are seen elsewhere as FTX Token jumps 9.54% to trade around $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. After ending today's session at $1.32, EOS lost $0.023 and is trading around $1.29.
11 months ago Avalanche reached a significant high of $99.74 but has consequently lost 83.3% since then. AVAX is currently trading with a market cap of 5.44 billion with an average daily volume of 257.35 million.
