SOL, which ranks fifth behind the leading cryptocurrency, Bitcoin, with a size of $83 billion, experienced a retreat due to the sales pressure after rising to $210 last week. SOL, which started the week at $201, tested the highest level of $210 and then closed the week at $183 with a decrease of 8.91%. Unable to stay above the $197 resistance, SOL buys above a lower support level at $174.
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Solano Chart Analysis
SOL, which started the past week well, broke through the $ 197 resistance and rose to $ 210. SOL, which fell to 162 dollars due to the selling pressure from this region, closed the week at 183 dollars with the buying movement on Sunday. When we examine the chart, the support levels for SOL, above the EMA5 support level, can be followed at $174 and EMA5 at $169. In case of possible upward movements, $ 197 and $ 216 levels can be observed.
AVAX WEEKLY TECHNICAL ANALYSIS: AVAX IS AT CRITICAL RESISTANCE
AVAX, which ranks tenth behind Bitcoin with a market value of 21 billion dollars, has reached another critical resistance. AVAX, which rose above the 60.30 resistance and reached $65.39 last week, could not stay at this level and closed again at $55.68, below the $60.30 level. Closing the week with a 4.74% retreat, AVAX started the new week with a 1.93% rise and is currently trading at $187.42.
AVAX Chart Analysis
Unable to break above the $60.30 resistance, AVAX started the new week with an increase of nearly 2% and continues to trade above $56. AVAX, whose resistance level we will follow this week is $60.30, may experience a rapid rise up to $76 if it rises above this resistance level. In case of selling pressure, the EMA5 horizontal support levels of $51.72 and $50.55 are the support zones we will follow.
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