Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Avalanche (AVAX) Technical Analysis

Bitcoin, which closed with a decline for 9 weeks in a row, started this week with an upward trend.

bitcoin

After the decline since November, Bitcoin, which has regressed to $ 27 thousand with the collapse of Terra, has increased by 4% in the last 24-hour period. to 32,200 levels rose. at the time of writing Around $31,700 Bitcoin is in an important resistance zone.

Current support levels, 30600 dollars and 28500 dollars If bitcoin with zones loses these zones up to $24,000 While there is a possibility of a decrease, there is a possibility of rising up to 34 thousand dollars if it completely wins the resistance zone we are in. 200 candle holders Bitcoin, which was below the moving average, broke the 50 candle moving average with a hard candle. In addition, Bitcoin, after a long time, again 600 billion dollars reached market value.

Ethereum

Receiving a reaction from the midpoint of the upper range, Ethereum also seems to have received a reaction from its falling trend. 2011 dollar levels next resistance level if it retracts We come across as 2115 dollars it turns out. Current support levels 1910 and 1700 is dollars. In the case of the break of the middle of Trend and Range, we can talk about bullishness.

cardano

Cardano (ADA), which is well below its 200-Day moving average, has not been able to break its falling trend yet. We cannot talk about an uptrend without breaking the downtrend indicated in red. However $0.44 Cardano, which did not close the candle by making it a strong support, is about to 20 days under the your $0.62 got on it. if your $0.62 next key areas if it can stay above and break its downtrend 0.76 and 1 dollar as levels. The region that is thought to receive a reaction if it cannot stay on it $0.44-0.47 dollars are around. End 24 hour in the period 25% rising ADA surpassed Ripple in the list it made on CoinMarketCap 6th place settled down.

AVAX

AVAX, which has not yet regained any of its key territories, had suffered a huge drop in claims that it would cash the tokens held by the Luna foundation. currently 21.8$22 In order for us to talk about the rise of AVAX, which has a support level of around Reclaiming the $40 zone needs.

wither

Approximately 20 day 17 dollars Solana, which moves in a price range, has risen to the middle of the range with yesterday’s bitcoin rise and from $48.5 got a reaction. At the moment 50 candle moving average SOL located just above it can protect its location and $48.5 if he can pass A rise to $57 can be expected. Also, Solana’s support level, $40.5 are around.

  • All data contained in the content is for informational purposes only. It does not contain any investment advice. The authors of the article cannot be held responsible for your investment decisions. In addition, every investment and trade movement carries risk. That’s why you need to do your own research when investing.

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