Tough start for AVAX this morning following 0.68% decline; now at $18.3

Avalanche is grinding lower from $18.43 to $18.3, shedding $0.126 (0.68%) today.

Bollinger Bands® shows an indication of recovery: the lower band is at $16.76, a low enough level to, generally, suggest that Avalanche is trading below its fair value. AVAX could begin to recover as it approaches significant support, now 37 cents away from $17.93. Dipping below could be an indication that further losses are ahead.

Technical analysis shows that AVAX (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD closed at $6.43 (down 2.98%).

Positive performances can be seen by looking at other markets as FTX Token is up 9.54%.

Over the past 10 months, AVAX has retreated 81.53% from a noteworthy peak of $99.74. AVAX has a market cap of 5.94 billion with an average daily volume of 234.67 million.