What happened in Avalanche (AVAX), Ripple (XRP), Solana (SOL) and Dogecoin (DOGE) after the fall of Bitcoin (BTC), can there be big rises in these coins?
The pioneer of cryptocurrencies, BTC, has been continuing its downtrend for about five days. He saw once again that $30,000 is of great technical and psychological importance, with BTC losing this value. After breaking the $30,000 support, BTC slackened to $27,200 levels, losing 12.30 percent. After this movement of BTC, the declines in altcoins, especially in major coins, created a great panic in crypto money investors.
How are these major coins, which have large audiences in the crypto ecosystem, progressing? Can big rises be observed in these coins again?
1- Avalanche (AVAX)
AVAX, which came to a strong resistance band in the wide time interval, faced a sales wave at this level and lost value by 20 percent. Danger signals may be playing for AVAX, which is currently below the weekly and daily opening price. The major coin, which is priced at $ 16.66, has especially worried the AVAX ecosystem.
Starting a downtrend at $21.50, AVAX declined to $16.66 after sellers dominated. Currently priced below the monthly, weekly and daily opening value, AVAX shows signs that the decline may deepen. $15.99 – $15.72 level, which worked as support in the past, can be followed as the next stop of AVAX
Upon the positive developments on the AVAX side or if the market continues in the upward direction, it can target the levels of $ 18.22 – $ 19.33 and $ 20.40, respectively.
2- Ripple (XRP)
Standing out with the positive developments in the SEC case, XRP was once again on the agenda of the crypto market. The major coin, which reached up to $0.54, has almost doubled its price since January. The fact that Bitcoin (BTC) could not stay at the level of $ 30,000 and fell, seriously shook many altcoins and especially XRP.
XRP, which has lost nearly 16 percent in the last five days, remains price uncertainty. It also finds buyers below the weekly and daily openings. Running the $0.44 support in the recent timeframe, XRP could ease up to $0.422 if this level is broken.
In scenarios where the strong side in the XRP-SEC tension is XRP or the crypto market is trending upwards, big rises can be expected in XRP. The obstacles that can be encountered in these rises can be the levels of 0.4710 – 0.4863 – 0.5016 – 0.5269 dollars, respectively.
3- Left (LEFT)
SOL, which once marked the crypto world, had increased in volume by approaching $26 in the past days. The major coin, which was heavily affected by the withdrawal of BTC, is currently very close to its monthly, weekly and daily price. Continuing to work on the ecosystem and NFT market, SOL may target even higher levels with its market appreciation.
One of the main criteria is to pass the resistance levels of 22.94 – 23.90 – 25.60 dollars, which must be overcome, respectively, in order to observe the huge rises in the SOL. The negative course of the market or the negative news that may come from the SOL ecosystem may bring SOL to the values of $ 19.86 – $ 19.20 – $ 18.60, respectively.
4- Dogecoin (DOGE)
DOGE, which is one of the main reasons for the shine of Memecoins, caught excitement again, especially with the move of Twitter. DOGE, which managed to rise up to $ 0.95, fell from this level and experienced an instant decrease to $ 0.75. This region, in which buyers took an active role in previous times, has been reassigned.
Expectations are high from DOGE, which is the leader of the memecoin frenzy, but will DOGE be able to meet these expectations?
If Tesla and Twitter owner Elon Musk continues his positive actions on the DOGE side, DOGE’s big ups are always possible. Any development, such as adding the DOGE logo to Twitter’s homepage, could pave the way for huge rises again. In the case of a price increase, the levels that can prevent DOGE will be 0.8049 – 0.8500 – 0.9200 – 0.9500 and especially $0.0970 resistances, respectively.
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