Recently, the leading cryptocurrency Bitcoin (BTC) when drawing bullish charts, altcoins remained relatively calm and some even drew bearish charts. Yesterday Bitcoin priceit seems that with some withdrawal of funds, some of the funds have shifted to altcoins. But we can’t talk about an altcoin rally yet.
Post-Record Decline in Avalanche
Which has experienced an increase of approximately 2% in the last 24 hours Avalanche (AVAX) as of the moment of writing, it is trading at the level of 54.84 dollars. The 14th largest in terms of market volume. AVAX, a crypto currency, broke its own record with $ 79 on September 23. Therefore, it can be stated that AVAX experienced a noticeable withdrawal after the record.
AVAX after this point, it may remain in the consolidation phase for a while. At the moment, the first significant resistance for AVAX is considered to be $ 60. The first downward support may be in the 50 dollar band. Therefore, the AVAX price may continue to be traded in the $50 to $60 band for some time.
Solana Price Expectation
Solana (LEFT), It had been a crypto currency that attracted attention with the price increase it exhibited while there was a decline in BTC. As of the moment of writing this article, it is trading at the level of 146 dollars and is moving forward with an increase of approximately 1%.
On September 9, Solana set a new record high for itself with $ 214 and is currently trading well below this level. In order for the LEFT to start a new rally, cryptocurrencies may need to show an uptrend overall. At this point, first LEFT it should break the resistors of $ 150, and then $ 170.
The beginning of a new decline is the 7th largest in terms of market volume. it could push the cryptocurrency to $120 levels.
Will Cardano Start the Rally?
Cardano (ISLAND) due to both price performance and developments, it made its name mentioned frequently in 2021. The ISLAND, which was trading at $2.09 as of the time of writing, has lost approximately 1.5% in the last 24 hours.
The 4th largest in terms of market volume. the crypto currency is NAMEit seems that in order to start a new uptrend, it needs to be consolidated for a while. after the consolidation in the range of $ 2 to $ 2.5, a new rally may begin. But for this, upward moves should also be seen in the entire crypto currency market.
The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.