article image

Denys Serhiichuk

Can the cryptocurrency market live bullish next week?

Disclaimer: The notion expressed right here is never any longer funding advice – it is supplied for informational applications only. It doesn’t essentially mirror the notion of U.At the present time. Every funding and all buying and selling involves risk, so you can well mute constantly receive your have learn prior to making selections. We develop no longer suggest investing money you can not maintain ample money to lose.

Traders could well maintain begun fixing their positions as the majority of the top 10 coins are within the crimson zone.

Top coins by CoinMarketCap
High coins by CoinMarketCap

BTC/USD

Despite at present’s growth, the passing week has been bearish for Bitcoin (BTC) as its fee has declined by 8.89%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) is buying and selling sideways after a bounceback from the give a resolve to at $59,560. The buying and selling volume is low, which implies that one could well mute no longer question any titillating strikes as the predominant crypto has no longer gathered ample energy for that true but.

Nonetheless, if bears develop no longer originate pushing the fee, there are is of mission of testing the resistance at spherical $62,290 next week.

Bitcoin is buying and selling at $58,992 at press time.

SOL/USD

Solana (SOL) is the splendid loser at present as its fee has gone down by 1.21%.

SOL/USD chart by TradingView
SOL/USD chart by TradingView

Solana (SOL) is calling extra bearish than Bitcoin (BTC) and different coins as it can well no longer atomize the resistance at $217 and repair above it. On this case, the extra likely be aware action is the test of the formed give a resolve to at $186 next week.

SOL is buying and selling at $211 at press time.

AVAX/USD

Avalanche (AVAX) is the tip gainer at present, rocketing by 20% over the final 24 hours.

AVAX/USD chart by TradingVie
AVAX/USD chart by TradingView

Avalanche (AVAX) has joined the tip 10 list coins and is setting the unique peak at $143. The long-timeframe vogue stays bullish; nonetheless, there could well additionally very neatly be a correction so that bulls can have extra energy for a extra upward thrust.

Respectively, the fee could well decline to the closest give a resolve to at $123 next week.

AVAX is buying and selling at $142 at press time.

Comments to: BTC, AVAX and SOL Keep Diagnosis for November 21

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Login

Welcome to Typer

Brief and amiable onboarding is the first thing a new user sees in the theme.
Join Typer
Registration is closed.