Cryptocurrency We are on the eve of an eventful week for investors and Fed members will make statements throughout the week. Since the interest rate cuts have started, only the signals that the upcoming statements will give regarding the speed of the cut will concern us. So if volatility is approaching, what levels do the current charts for ETH, BTC, SOL, AVAX and SHIB indicate? Let’s examine the current key areas for investors.
BTC and ETH Analyst Commentary
Bitcoin $62,877 At the time of writing, it is above $62,700 and Ali Martinez discussed the current outlook of BTC in his latest market assessment. The expert, who marked the accumulation and sales signals in the chart he shared, said that the alarms for the rise have started to ring again. In the current conditions, the rise may start quickly in the case of a repetition of previous movements.
The expert, who has been following monthly candles since 2018, thinks that conditions are ripe for a rise similar to the one experienced in 2023 (and previous ones).
In the chart below, Crypto Tony is trading at $2,900 ETH wrote that it could be taken back as support for. Strongly defending the bottom support Ether The bulls must now turn $2,900 into support to focus on the $4,400 target.
SOL and AVAX Price Prediction
SOL Coin, which rose to the $ 150 limit, could not overcome this and burned a long red candle on the daily. The level where the rally will accelerate for Solana (SOL) investors is at $ 162. If the key area can turn into support in the coming days, we can see the start of a new movement to $ 188. In the bearish scenario, support is $ 138-139.
AVAX It tried to reclaim $28.2 but failed. Therefore, support is at $25.82. If the $29.65 and $31.6 range is broken and then turns into support, the parallel channel resistance of $50 will be targeted in the bullish scenario for AVAX. Avalanche, where many good news were sacrificed to the negativity in the general market sentiment 
$27 The explosion of these suppressions on the front can be triggered before it is too late.
Shiba Coin Comment
Despite being the second largest meme coin by market value, Shiba Coin has not been able to show the expected performance for a long time. The price retreated to support as the $ 0.00001588 barrier could not be overcome. It last tried to overcome the parallel channel resistance at $ 0.00002933 at the end of May 2024, but failed.
The price, which has been stalled under the parallel channel support for 102 days, is 30 percent below the barrier. It seems there is time for this distance to be overcome with the recovery in the general market sentiment.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
