- Solana appears to reward its loyal customers as it crosses above $200 in a mission to explore the record peaks of $215.
- Avalanche stays on the path to $80 with the momentum gained after the alt broke past a critical descending trend-line.
Solana (SOL) maintained its upside trend yesterday even when BTC and ETH slowed down and retraced. The ‘smart’ contracts competitor crypto trades past $200 almost one day after reclaiming the critical $180 level.
The crypto space witnessed impressive price movements during the past sessions. Bitcoin managed to rally beyond its record high to trade above $67,000. On the other side, Ethereum neared its highs, located around $4,400. For now, BTC trades around $63,000 as bulls remain optimistic, taking the crypto to $70,000 before we end the week.
Also, ETH corrected to secure its support level at $4,000. Most analysts trust that these retracements will attract sidelined investors to subsequent rallies. Ethereum enthusiasts see the leading altcoin hitting $5,000 in the upcoming days.
While publishing this article, SOL hovers around $202 as bulls target the record high at $215 (Coinbase data). Meanwhile, the altcoin requires massive support to capitalize on bulls’ strength for higher price exploration rather than battling with bears.
The Moving Average Convergence Divergence and the Relative Strength Index indicate a positive short-term outlook. As the former moves beyond the midline, it encourages bulls to storm the market and magnify their stakes. Also, the RSI moving towards the overbought territory shows buyers’ favoritism. The situation has higher chances to remain unchanged in the short term.
AVAX is on the path to challenge record peaks after the alt rebounded from the crucial support near $50, also the demand area. For now, bulls control the momentum as AVAX surged past the descending trend-line.
AVAX-USD Daily Price Chart
The 50-day Simple Moving Average also seems to follow the uptrend, offering support whenever necessary. Avalanche has its value at $64 as it targets $70 in the coming sessions. If the alternative coin receives broad market support, it might hit $80 in the coming days.
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