The bulls don’t give the bears any chance as most of the coins continue to fall.
BTC/USD
The price of Bitcoin (BTC) is down by 1.71% in the last 24 hours.
Despite the price drop, the bitcoin (BTC) rate is located in the middle of the channel, which means that sideways trading is a more likely scenario. One can consider a rise only when the main crypto bounces back to the $20,400 mark.
At press time, bitcoin is trading at $19,979.
AVAX/USD
Avalanche (AVAX) is down 4% after Bitcoin (BTC) declined.
AVAX is going down after an unsuccessful attempt to fix above the $20 mark. For the time being, one needs to keep an eye on how the bulls can sustain the $18.05 support level. If they can catch it, there is a chance to see a false breakout followed by a local correction.
AVAX is trading at $18.90 at press time.
SOL/USD
Solana (SOL) is the biggest loser on the list today, going down 5.20%.
Analyzing the daily chart, Solana (SOL) is trading similar to AVAX as the price is trading at $30.19 level. If nothing changes by the end of the day, a breakout of the crucial $30 mark may occur in the next few days.
As of press time, SOL is trading at $31.07.