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Bitcoin has bounced off the $21,000 mark, rising by 2.78%.
Bitcoin is trading sideways between the support level at $17,592 and the resistance at $25,401. The low volume confirms that none of the sides has accumulated enough power to seize the initiative. However, if the slight rise continues to theSolana has gained more than Bitcoin with a rise of 5% over the last day.
Despite the rise, Solana is still trading below the $40 mark on the daily chart. Thus, the comeback below $35 may be a prerequisite for a decline to the $30 area shortly. Such a scenario is relevant until mid-August.Avalanche is no exception to the rule, going up by 5.65% since yesterday. Avalanche is about to return to the bullish zone if the daily candle closes above the $21.35 mark. The only obstacle is the low buying volume, which means that bulls might not have accumulated enough strength for a continued upward move.MATIC is the biggest gainer today as the price has rocketed by almost 10%.
MATIC is again trading above the $0.80 mark, which means that bulls are not going to give up so easily. If they can hold the initiative until the end of the day, the rise might lead to the test of $0.85 within the next few days.
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