The drop of the leading cryptocurrency Bitcoin (BTC), which started from $ 69,000, seems to have remained at $ 57,000. Bitcoin price again pinned above $ 60,000 and gave recovery signals. Of course, this situation turned all eyes on altcoins again. So which 3 cryptocurrencies stand out this week?
AVAX
This week’s most notable cryptocurrency is of course Avalanche (AVAX). AVAX price even broke the all-time record breaking above the 200% Fibonacci level. Using the popularity on social media, AVAX went up to $140, but $146 was a stiff resistance. For AVAX, which has increased by 4% in 7 days, it seems that the decline period has now begun.
Falling below $130 and $111, which is one of the important support points for AVAX, will bring a sharp decline.
MATIC
In second place is Ethereum rival. polygon (MATIC) is located. Although MATIC tried to exit the channel it entered between October 28 and October 29, it did not fail and short-term sales prevented the real rise.
The rise that started on November 3 was thus cut off. $2 for POLYGON could be seen again if the $1.68 resistance is broken.
EGLD
In third place is EGLD, which broke the all-time record by reaching up to $303. EGLD The price forced the $338 resistance after breaking $303 and rallied as high as $480 although the RSI was alarming.
If BTC does not fall sharply, EGLD seems to be among the altcoins that can continue its upward adventure.
*Not Investment Advice.