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April 21, 2023A mostly flat day so far for Avalanche, ranging between $18.27 and $18.49; currently at $18.44.
Avalanche is approaching key support, around 35 cents away from $18.09. 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 made an initial breakout above its 21 day Simple Moving Average at $18.48, a potential indicator of a newly emerging bullish phase.
Despite muted price action in AVAX, chart analysis indicates it is positioned for a bullish run in the short term.
While AVAX is pretty flat so far today, mixed performances are seen elsewhere as FTX Token gained 9.54% and is currently trading at $1.36. UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. EOS is up 0.91%.
Avalanche reached a significant high of $76.08 around a year ago but has lost 75.87% since then. AVAX has a market cap of 6 billion with an average daily volume of 208.00 million.
