AVAX, Polygon & Solana — Asian Wrap 21 Oct


AVAX price initially broke down below the prior rising wedge back on September 29th. Since then, AVAX has experienced a downtrend before entering into its current consolidation range. However, given Bitcoin’s rally to new all-time highs, AVAX looks to end the consolidation and enter a new mark-up phase.

MATIC price action has been lacking compared to its peers – but that is about to change. It once dominated the social media and speculation space for cryptocurrencies. However, signs show that attention will once again be focused on MATIC.

 

Solana price is showing clear rejection by buyers to any threat of downside pressure. However, bulls have responded strongly to launch Solana away from nearby bearish breakout levels.Bitcoin’s momentum to benefit Solana price action.



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