Avalanche Climbs 7% as MACD Lines Converge Near Resistance
Photo: TokenPost
Avalanche (AVAX) rose 7% over 24 hours to $11.03 on Oct. 12 at 3:39 a.m. ET (07:39 UTC), moving above several tracked moving averages while its MACD lines converged near resistance. AVAX traded between $10.30 and $11.09 during the period. Its seven-day moving average stood at $10.79, while the 20-day, 50-day and 200-day averages were $10.83, $9.11 and $8.14, respectively. The market was approaching resistance near $11.60, with the upper Bollinger Band at $11.63. The moving average convergence-divergence (MACD) line and signal line were both at 0.4554, leaving the histogram at 0.0000.
Source: TokenPost
