Despite today’s growth, the past week has been bearish for Bitcoin (BTC) as its rate fell 8.89%.
Bitcoin (BTC) is trading sideways after rebounding from support at $ 59,560. The trading volume is low, which means sudden moves should not be expected as the main crypto has not yet built up enough power for this.
However, if the bears don’t start pushing the rate, there is a chance to test resistance at around $ 62,290 next week.
Bitcoin is trading at $ 58,992 at the time of publication.
LEFT / USD
Solana (SOL) is today the biggest loser because its rate has fallen by 1.21%.
Solana (SOL) looks more bearish than Bitcoin (BTC) and other coins as it could not break through resistance at $ 217 and fix above. In this case, the most likely price action is the test of the support formed at $ 186 next week.
SOL is trading at $ 211 at time of publication.
Avalanche (AVAX) is the best winner today, rising 20% over the past 24 hours.
Avalanche (AVAX) has joined the top 10 coins on the list and sets the new high at $ 143. The long-term trend remains bullish; however, there could be a correction so that the bulls can gain more strength for a further rise.
Respectively, the rate could drop to the nearest support at $ 123 next week.
AVAX is trading at $ 142 at time of publication.