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Chainlink and Avalanche are at crucial points that could signal major price movements. The upcoming days hold potential changes that might either present profitable opportunities or suggest growing concerns. This article delves into which levels traders should keep an eye on to understand where LINK and AVAX might be headed next. Explore the detailed analysis to identify potential breakout or breakdown signs. Chainlink: Recent Price Swings and Key Levels to Monitor Chainlink plunged nearly 28% in the last month before bouncing back with an 18.9% gain over the past six months. Price movements ranged consistently between roughly $10 and $23, showing volatility that reflects shifting market moods. The drop followed an earlier period of strength, with clear evidence of rebalancing in recent trading sessions. Current price action places Chainlink between $10.20 and $22.70, facing resistance at about $30.59 and support near $5.58. Bearish momentum, highlighted by a negative Awesome Oscillator and low RSI, indicates subdued buying pressure. This suggests the market may trade sideways. Traders should watch these key levels for potential entry points if a reversal or upward movement toward resistance occurs. Avalanche Price Snapshot Amid Volatility Avalanche experienced a steady decline over the last month and six months with a 26.21% drop in one month and a 26.24% loss over six months, including a 10.88% dip in the past week. The coin’s price moved within a range of $16.74 to $31.56 during this time, highlighting a persistent bearish trend across these periods. Current prices sit between $16.74 and $31.56 with a key support level at $11.10 and a resistance barrier at $40.73, along with a secondary resistance at $55.54. Bears show strength with low momentum indicators and an RSI near 40. Traders can explore moves within these ranges for potential upward reversals or breakouts. Conclusion LINK and AVAX are at crucial points. Support levels will show if they can hold strong. Resistance levels will signal potential upward movement. Watching these key levels can help in understanding their future trends. The direction these coins take next will be telling. Staying informed on these movements is essential. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Market Trends Reveal Bitcoin’s Sensitivity to S&P 500 Movements
The S&P 500 has entered correction territory with a 10% decline from its peak. Bitcoin displays volatility, often mirroring declines in the S&P 500 index. Continue Reading: Market Trends Reveal Bitcoin’s Sensitivity to S&P 500 Movements The post Market Trends Reveal Bitcoin’s Sensitivity to S&P 500 Movements appeared first on COINTURK NEWS . Bitzo
Weekly Recap: Regulatory Wins, Market Doldrums
It was a week of red in crypto and traditional markets, with bitcoin plummeting below $80K on March 10 and ETH falling to $1,821 the same day. So much for the “Trump Bump.” With the new administration on a tariff-tear this week, the markets were spooked about a recession and crypto was not immune. Still, progress in digital assets was all around, and our reporters reported it all with alacrity. BlackRock’s bellwether BUIDL fund topped $1 billion and tokenized treasuries hit $4.2 billion , Kris Sandor reported. MoonPay, a payments aggregator, made an important stablecoin acquisition , Will Canny wrote. Ripple won a payments license in the UAE (Shaurya Malwa). OKX won a license to operate in Europe , Camomile Shumba reported. Coinbase announced plans to offer 24/7 futures trading in the U.S ., Helene Braun reported. There was also big regulatory news. The U.S. House voted to overturn the IRS’s controversial “broker rule” in a big win for DeFi operators . And a Senate committee voted to send the GENIUS stablecoin bill to the floor, ahead of probable approval there. The Trump Family continued to be front-and-center in the crypto news. World Liberty Financial completed a $590 million token sale (for accredited investors for now), with an assist from adviser/investor and TRON founder Justin Sun. The Wall Street Journal reported that a Trump family representative also explored buying a stake in Binance.US, through World Liberty Financial . From our Asia team, Sam Reynolds examined how the latest draft of the GENIUS act aims to split stablecoin regulation between state and federal authorities. Parikshit Mishra reported on Coinbase returning to India after a two-year hiatus, setting off discussion about the future of crypto in India. Shaurya Malwa continued his excellent reporting on XRP, pushing out multiple reports on Ripple. Malwa also reported on the implications of over-leveraging in the crypto market, as Hyperliquid lost $4 million due to a massive leveraged trade in ETH. Market maven, Omkar Godbole, pushed out a timely piece on bitcoin`s bullish signal ahead of the U.S. CPI report, and was also early to spot how Eric Trump`s tweet on crypto were setting up short-term traders for disappointment. Meanwhile, Tom Carreras had an excellent feature on how Bitdeer, a Singapore-based miner, hopes to shake up the mining machine market. Hopefully next week brings better news in the markets. But, either way, our reporters will be there to cover what matters. Bitzo
