Bitcoin is showing signs of uncertainty between the 20-day exponential moving average and the overhead resistance at $31,000. The next move remains unclear for BTC/USDT, with potential for a breakout above $31,500 or a drop below the support level at $29,500.
Solana (SOL) Price Analysis
Solana (SOL) has experienced a comeback as it attempts to break through its resistance level at $22. A successful breach could lead to a rally towards $24 and eventually to the stiff overhead resistance at $27.12.
Avalanche (AVAX) Price Analysis
Avalanche (AVAX) has recently surpassed the 50-day simple moving average and could rise to $16 before facing strong resistance. Support at the 20-day EMA suggests the start of an upward movement towards $18. However, a break below $12 may result in a drop to the vital support at $10.52.
Filecoin (FIL) Price Analysis
Filecoin (FIL) is forming an inverse head and shoulders pattern, potentially indicating a bullish reversal if the neckline near $5 is breached. The moving averages are on the verge of completing a bullish crossover, supporting this outlook. However, a break below the moving averages may invalidate the pattern and lead to a decline towards $3.
EOS Price Analysis
EOS has shown a pattern suggesting a potential trend change, with higher highs and higher lows. Breaking above the overhead resistance at $0.79 could indicate the end of the downtrend, potentially propelling the price toward $0.93. On the other hand, a rejection at the resistance level may keep the pair range-bound between $0.60 and $0.79.
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