Mixed sentiment leads AVAX cryptocurrency to trade sideways; establishes tight $14.42 to $14.51 range

Without a clear-cut direction, Avalanche is trading around $14.47 and ranging between $14.42 and $14.51.

Avalanche's upper Bollinger Band® is at $15.08, suggesting that a downward move may follow. On the other hand, note that Avalanche is approaching key support, around 26 cents away from $14.2. 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.

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

Meanwhile, mixed performances are seen elsewhere 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 up 1.62%. Ripple closed at $0.521 (down 0.57%).

Over the past 9 months, Avalanche has retreated 50.59% from a noteworthy peak of $29.36. AVAX is currently trading with a market cap of 4.98 billion with an average daily volume of 115.65 million.