After a slight correction yesterday, all top 10 coins have recovered their lost positions.
Bitcoin (BTC) is up 3.52% in the last 24 hours.
Despite today’s rise, Bitcoin (BTC) may not have accumulated enough strength to continue rising as volumes have reduced. From another perspective, the main cryptocurrency remains bullish until its price rises above the crucial $20,000 mark. If the situation does not change by the end of the day, a test of the $21,000 area can be expected soon.
At press time, bitcoin is trading at $20,211.
TRX is the lowest gainer today, up 0.80% from the previous day.
TRX is looking very weak compared to most of the other coins as the altcoin could not rise after yesterday’s bullish candle. If buyers lose $0.067, there are high chances of seeing a further decline to the $0.065 area by mid-July.
At press time, TRX is trading at $0.06731.
MATIC is up 4.20% after Bitcoin (BTC) surged.
MATIC is trading in a wide channel with support at $0.418 and resistance at $0.631. The volume has increased, which means that the coin is gaining energy for another sharp move. As long as the price does not move above $0.50, one can expect a more upward move rather than a decline.
MATIC is trading at $0.5179 at press time.
Avalanche (AVAX) is the biggest gainer today, up nearly 9%.
From a medium-term perspective, AVAX is trading sideways, which is confirmed by relatively low volumes. For the time being, one should watch out for the crucial $20 mark, a breakout of which could lead to a test of the $21.35 resistance level. However, if there is a downside break below $16, the growth scenario could be cancelled.
AVAX is trading at $18.36 at press time.