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Cryptocurrencies Latest Status, AVAX, LINK and DOGE 🔎
Bitcoin price fell deeper today, down to $63,379. The recovery in altcoins also stopped. Sales at the price of BTC are depressing for investors, and testing deeper support levels in altcoins is interesting tables. Some altcoins fell to the level of BTC in the days when it was $40,000.
BTC finds buyers at $64,150, and ongoing closures at lower levels negatively impact risk appetite. The German state's start to melt its billion-dollar BTC reserve has affected the market more than predicted in terms of FUD. The problem here is the potential of the U.S. and others to send their assets to the exchanges for sale.
We mentioned that closures below $31.5 for AVAX could have very bad results. It was said that such a drop was likely to trigger tests in the $27-24 range when the price was and above $38. And so it happened, and the price of AVAX is back at $25. Unless $31.5 is taken back, it may risk oversolding up to $15.8 here.
Although LINK Coin is one of the favorite altcoins, the decline continues after it made a lower peak of $19. For now, the price returning from $14 could move away from the $12 parallel channel bottom support if it can recover $15.7.
Although DOGE tried to get $0.153 back, it was not successful. The targeted scenario fell as low as $0.11 and the lower wick approached it. For now, sales for DOGE could slow down if $0.128 could be withdrawn.
In the bearish scenario, the target of oversolds is $0.094 and $0.083, below $0.11.
