BTC, SOL and AVAX Price Analysis for June 15


Despite the oversold market, most of the coins have continued their drop.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is the biggest loser today as the decline of the main crypto has accounted for 3.67%.

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BTC/USD chart by TradingView
BTC/USD chart by TradingView

Bitcoin (BTC) has bounced off the $20,000 mark, which means that bulls are not going to give up so easy. In addition, the selling volume is declining, confirming bears’ weakness. If the daily candle remains above $21,000, there are chances to see the further correction to the $23,000 zone.

Bitcoin is trading at $21,302 at press time.

SOL/USD

The rate of Solana (SOL) has gone down by only 0.55% since yesterday.

SOL/USD chart by TradingView
SOL/USD chart by TradingView

Solana (SOL) has not gone below the recently formed level at $26. At the moment, the rate is stuck in the narrow range between the support and the resistance at $32.32. All in all, a local rise is possible if buyers return the price to the vital $30 mark.

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SOL is trading at $28.82 at press time.

AVAX/USD

Avalanche (AVAX) is no exception to the rule, falling by 2.21%.

AVAX/USD chart by TradingView
AVAX/USD chart by TradingView

AVAX has made a false breakout of the $14.58 mark against the high trading volume. Currently, traders should pay close attention to the $16 mark. If buyers can fix the rate above it, it might be a prerequsite for the test of the resistance at $17.30 shortly.

AVAX is trading at $15.71 at press time.


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