While the fluctuations in the crypto currency market continue, investors Solana (Left) and Avalanche $26.0 (AVAX) follows. Sol Coin faces strong sales pressure, while Avax gives recovery signals. So, what’s up for these two popular crypto currencies?
Can you decrease in Solana?
Solana has been moving in the trend of a decline in recent days. The price declined from $ 200 to $ 187.99 and showed that the sellers took control. Cumulative volume delta (CVD) and funding rates also give negative signals.
According to technical analysis LEFT‘s price movements followed a significant decrease trend from January 31 to 3 February. The crypto currency, which constitutes lower peaks and bottoms, presented a classic bear market view. If the support of $ 191 is lost, the price is expected to decline to $ 138.
The relative power index (RSI) is at the level of 32,54 and is close to over -selling zone. This shows that sales pressure continues. The funding rate reveals that with -0,0170 investors are turning to short positions. The 236.03 volatility index shows that price fluctuations increase.
There are positive expectations in the long run for Solana. At least one spot solana ETF in the United States is seen as 85 percent. However, it is difficult to suddenly reversal the current decline trend with ETF news. Therefore, investors should be careful against short -term risks.
Is Avalanche rise?
Avax Coin 3.05 percent in the last 24 hours to reach 34.60 dollars. However, despite this rise, the transaction volume fell by 15 percent. This shows that investors expect the confirmation of the continuity of the rise before they gain full confidence in crypto money.
According to in -chain analysis AvaxInterest is increasing. Open Interest increased by 6.50 percent. In addition, AVAX was withdrawn from the stock exchanges worth 3.54 million dollars. This shows that investors have saved and the procurement pressure may increase.
Technically, AVAX shows that the four-hour graph is the opposite-shoulder-head-form formation. If it breaks the $ 35 level, the price is likely to go to $ 38 and then to $ 41.50. However, AVAX is still traded under 200 -day exponential moving average (EMA). This shows that the general trend is still downward. RSI shows that there is enough space for 53 and ascension.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
