SOL, AVAX, MATIC and BTT Price Analysis: Latest Situation, Critical Levels and Price Prospects
Crypto money after a rapid rise in the past week and some units Bitcoin the ‘s has redefined the all-time highest level. However, there was a pullback in the prices afterwards and the correction is still ongoing.
Here are the current situation, critical levels and price expectations in Solana (SOL), Avalanche (AVAX), Polygon (MATIC) and BitTorrent ;
The popular cryptocurrency Solana ( SOL ), which we heard a lot about earlier this year, started a new increase on Monday and updated its all-time high again.
So much so that the popular altcoin fell to the level of $ 185 over the weekend. However, with the new week, the SOL started to act again and started a rapid upward trend.
Popular cryptocurrency Solana reached $ 218.93 on the Binance exchange , setting a new record. After SOL updated ATH , there was a retracement in the price.
According to analysts LEFT ‘s price of $ 240 for the middle probably a pivot point, and then it will increase to R2 resistance level at $ 272.10 per month.
As of writing, the popular altcoin Solana continues to trade at $203.86, down 1.95% in the last 24 hours, according to data from CoinMarketCap.
Another popular cryptocurrency, Avalanche (AVAX), has seen a nice increase over the past week. However, the popular cryptocurrency is currently on a downward spiral.
AVAX rose from $ 57.5 to $ 72 in the last 1 week, but as of this week, it changed direction and started a decline.
If the popular altcoin closes above the $70 band during the week, the price may first move towards the $73.5 and then $80 band. Further target zone is currently seen as the $87-$97 range.
However, if there is a downside break at $70, the correction may extend towards $65 (8-EMA and Fib 0.5) and then $62 (21-EMA and Fib 0.382), with $68 being the initial support price.
At the time of writing, the popular altcoin Avalanche (AVAX) is trading at $68.89, down 2.95% in the last 24 hours, according to data from CoinMarketCap.
Looking at Polygon ( MATIC ), the popular altcoin continues its upward move and is posting single-digit gains unlike many other cryptocurrencies.
Looking at the Polygon chart, it has performed well in the last week and is still on the rise.
On the other hand , when we combine the oscillation points using the trend lines on the MATIC chart, we come across an ascending triangle pattern.
This technical formation predicts a 150% rise determined by measuring the distance between the initial swing high and low and adding it to the breakout point at $1.73, which reveals a target of $4.32.
While this move may seem simple for Polygon , MATIC price will face two major hurdles at $2.04 and $2.21 before retesting the all-time high of $2.70. However, successful breaking of these levels can carry MATIC price up to 4.32 d0.
As of the time of writing, Polygon (MATIC) continues to trade at $1.89, up 9.39% in the last 24 hours, according to data from CoinMarketCap.
Popular altcoin BitTorrent (BTT) is also on the rise. So much so that there was a big pullback in the price of BTT at the end of last week. With this decline, the price declined as low as $0.0035.
However, after that, the price recovered and started to increase upwards. The popular altcoin rose to the level of $ 0.003922 in the past day.
BitTorrent price bounced off the $0.003 critical support and showed an impressive V-shaped recovery on its technical chart. This new rally reached the next key resistance at $0.0044 and then dropped to the nearest support at $0.0035. However, the price is still trying to get the proper support from it.
According to key EMAs, the BTT token is still in an uptrend while its price is trading above the 200 EAM line.
The RSI value points to 49 and shows a neutral to slightly bearish sentiment for BTT tokens.
As of the time of writing, BitTorrent (BTT) is trading at $0.003807, up 2.26% in the last 24 hours, according to data from CoinMarketCap.