AVAX price auctions at a key 61.8% Fibonacci Retracement level. Avalanche price shows an uptick in volume amidst the contact with the FIB level and RSI support. Invalidation of the bullish thesis depends on the June 18 swing low at $13.79 holding as support.
Dogecoin prices could become very volatile in the days to come. As sideways price action persists during the first trading week of September, On-chain metrics show high-cap players are returning to the market. Invalidation of the bearish thesis remains a breach above $0.118.
Bitcoin price currently auctions at $19,743 as the Volume Profile Indicator shows a significant uptick in transactions while BTC price remains stagnant. The mundane market movement comes after Bitcoin lost 20% of its market value last month.
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Bitcoin price faces numerous external forces that keep making recovery a daunting task. The United States FOMC (Federal Open Markets Committee) raised interest rates by 0.75% on Wednesday, a move tailored toward combating inflation. Before market participants got used to the spike, the Bank of England (BoE) warned of a recession in the United Kingdom. A recovery across the crypto market will likely stay on hold unless investors stop waiting for a floor price in favor of long positions.
Dogecoin price shows a strong affinity to recover losses as it digs itself out of a stable demand zone on a wave of buying pressure. With Bitcoin resolving its downside liquidity, the big crypto ought to help DOGE move higher in tandem.
Cardano price shows a repeating pattern before it triggers an explosive run-up. This has been mentioned as a liquidity fractal in previous articles.
Chainlink (LINK) price perfectly reflects the current situation with some short-term upward potential as the dust settles after the sell-off on Wednesday, on the back of the FOMC.
Bitcoin price has been on a rollercoaster ride since June 18. The most recent yet explosive run-up has hit targets mentioned in our previous publication. After hitting these levels, BTC has undone these gains quickly.
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