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They are the best in the Layer1 space and add luster to long-term investors’ portfolios. So what are the price expectations? Although SOL Coin has been somewhat shaken by the loss of institutional support, it is still alive and standing against Bitcoin’s surge along with other coins. So what are the price expectations for AVAX, ETH and SOL coins? Which will perform better?
Despite this, new contenders keep popping up, but it continues to gain a firm foothold on Ethereum’s throne. ETH price will be one of the hottest topics in the upcoming bull market as its annual inflation rate also turns negative. If demand continues to rise, a drop in circulating supply could push prices significantly higher. The bulls completed the last price correction of the weekend by pushing Ethereum (ETH) above the resistance line.
A falling wedge pattern is a bullish pattern. The RSI has bounced back into positive territory and the 20-day EMA ($1,841) is starting to rise, suggesting that the bulls have the upper hand. If the bulls turn the resistance line towards support, we could see ETH price reaching $2,000. The next two targets will be $2,141 and $2,259. However, a close below $1,841 would turn the bullish outlook negative.
Solana Graphic Interpretation
He is the most popular Ethereum killer in 2021. The SOL Coin price drop also negatively impacted the network as investors abandoned it because they cared about the price. TVL is gone, and many popular projects in its ecosystem have gone to competitors. However, SOL Coin was not dismantled. Solana broke the downtrend line on May 27 and the 20-day moving average ($20.42) on May 28, suggesting that the bulls are attempting a reversal.
A flattening 20-day EMA and the RSI near the midpoint also suggest that selling pressure may be easing. In the short term, $21.67 may act as a weak resistance to hold back the bulls, but if broken, it will start a strong rise to $24. In the opposite case, a close below $20.42 could trigger a decline towards $18.7.
AVAX Coin Review
He’s the first to launch a rocket with cloud trading on the 2023 rally. But today the RSI is still in the neutral zone. The price is below the moving averages and is trading at $14.4. AVAX prices are down 3% over the past 24 hours despite Bitcoin holding key support. It has lost 41.7% of its value over the past 12 months. Moving between $14.38 and $14.98 today, the price failed to break out of the $15 area.
Prices appear to be running towards a $14 bottom in the short term. Failure to close above $14.6 could see last week’s bottom.
Information source: compiled from COIN-TURK by 0x information.Copyright belongs to the author Fatih Uçar, without permission, may not be reproduced