Suurimad liikujad: LAINED Tilgad 17% kui LÄHEDAL, SOL, ja AVAX võtavad reedel ka kahekohalisi hitte

WAVES dropped by as much as 17% in today’s session, as crypto markets as a whole traded mostly in the red. SOL and NEAR were two notable tokens to fall in today’s session, with AVAX also falling by double digits today.

Sisu

WAVES

WAVES dropped for a second consecutive session, as prices moved towards the long-term support level on Friday.

Following yesterday’s false breakout of the $16.70 resistance level, WAVES/USD slipped to an intraday low of $12.90 päeval varem.

This drop sees prices over 17% lower than Thursday’s peak, and now on the verge of hitting a floor of $11.50.

Biggest Movers: WAVES Drops 17% as NEAR, SOL, and AVAX Also Take Double-Digit Hits on Friday
WAVES/USD – Daily Chart

It was only two days ago we spoke about WAVES being one of the biggest bullish movers, after it rose from this support, however it appears as if the tables have once again turned.

Vaadates graafikut, this decline came as the price strength failed to break out of the resistance of 40.10 on the 14-day RSI.

Should we hit this support point, you might see some bulls attempt to re-enter, in a similar fashion as to what occurred on Wednesday.

Laviin (AVAX)

Although SOL fell to a one-month low today, with NEAR also dropping by over 15%, AVAX was Friday’s second-biggest mover.

The world’s thirteenth-largest cryptocurrency fell to an intraday low of $55.42, following yesterday’s peak at $64.16.

This drop saw prices hit their lowest point in over four months, when prices fell below $55 back on January 23.

Biggest Movers: WAVES Drops 17% as NEAR, SOL, and AVAX Also Take Double-Digit Hits on Friday
AVAX/USD – Daily Chart

Vaadates graafikut, prices marginally broke out of support at $56.50 today, however like four months ago, bulls somewhat pushed prices back above the floor.

Another floor which has thus far been steady is the support point within the 14-day Relative Strength Index, which currently sits at 34.20

Providing this level of support remains firm, we could potentially see a rebound heading into the weekend.

Sildid selles loos

Will bearish pressure continue to send crypto prices lower this week? Andke meile oma mõtted kommentaarides teada.

Elijah Dambell

Eliman brings a diversified point of view to market analysis, töötanud vahendusdirektorina, jaekaubanduse koolitaja, ja krüpto turukommentaator, Aktsiad ja FX.




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