AVAX's price stabilized around the $35 price level after the significant dip from the $50 resistance.
AVAX’s price action continued to succumb to the bearish pushback, sinking to $35 after hitting the $50 psychological price level. The bullish run had seen Avalanche's AVAX hit $50 in late December. However, the selling pressure at the level produced a 30% dip, curtailing the bullish upward trend.
A look at AVAX’s current price action revealed the possibility of another bullish run if buyers can break the bearish resistance at the $50 price level
ETH bulls hinted at recovering buying pressure with bullish candle close at critical price level.
DOT hit the range low of $6.3 again with sellers looking to break the buying strength at the key support level.
Bitcoin dropped sharply over the past 12 hours but buyers could look to rally from key support level.
BNB's price correction could see it reach an April low, if sellers continue to dominate its price action.
ETH bulls hinted at recovering buying pressure with bullish candle close at critical price level.
DOT hit the range low of $6.3 again with sellers looking to break the buying strength at the key support level.
Bitcoin dropped sharply over the past 12 hours but buyers could look to rally from key support level.
The Fed is now more likely to maintain rates or raise them due to high inflation. This could negatively impact cryptocurrencies, which were anticipating a rate cut for further growth.
