Here’s What’s Awaited for Avalanche (AVAX) & Solana (SOL) Price Until the End of the Week

The post Here’s What’s Awaited for Avalanche (AVAX) & Solana (SOL) Price Until the End of the Week appeared first on Coinpedia Fintech News

While some of the altcoins continue to hover within a very narrow range, the Bitcoin price is trying hard to sustain above the crucial resistance at $42,800. In the meantime, some of the altcoins in the top 15 are displaying the possibility of a breach beyond the pivotal resistance. Avalanche (AVAX) price and Solana (SOL) price have been closely trading along the barrier, and hence a breakout is speculated to be imminent anytime from now.

Avalanche (AVAX) Price Analysis

With the recent rejection from the interim highs close to $50, the price has been maintaining a healthy descending trend. However, the bulls are manifesting extreme strength and trying hard to hold above the pivotal support at $33.52. In the past few days, the price has been relatively stable, with a significant drop in volume. This indicates the price is experiencing equal pressure from both ends and may end up in a breakout very soon. 

Despite a rejection, the AVAX price has been maintained strongly above the crucial support at $33. However, the RSI has been displaying a fine bullish divergence which suggests a decent uptrend could be fast approaching. Moreover, the Bollinger bands are squeezing, which validates a significant shift in momentum that could be fast approaching. With this, a rise back above $50 could be on the horizon after possibly hitting the pivotal support at $33. 

Solana (SOL) Price Analysis

The Solana price has displayed a significant rise in the past few weeks but closed the yearly trade within a consolidated range but above the gains. The token remaining around the pivotal resistance indicates the rise in bullish strength, which may further trigger a healthy upswing towards the upper targets above $130. 

As seen in the above chart, the SOL price is defending the support levels finely, which may further offer the required base to maintain a healthy upswing. Besides, the MACD displays a drop in selling pressure, which may pave the way for a healthy upswing in the coming days. The SOL price is printing decent bullish candles from the past few days, and with a bullish MACD cross-over, a fresh upswing could be validated.