AVAX analysis by Bernard Mikhail

Avalanche price analysis is bullish today.
AVAX/USD has lost 20 percent since yesterday.
Further downside currently rejected above $110.
Avalanche price analysis is bullish today as we saw rejection for further downside over the last hours after a spike to the $110 mark. Therefore, AVAX/USD is ready to recover some of the loss over the next 24 hours.

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  • Decentraland price analysis is bullish today.
  • MANA/USD hasn’t been affected by yesterday’s market sell-off.
  • Price movement has been minimal since 13th November.

The Decentraland Price analysis dictates the token is getting mixed market sentiment today. The MANA/USD appears to be consolidating from 13th November, as the price movements are small, as compared to the pre 13th November swings high and low. MANA/USD does not seem to be affected by yesterday’s market sell-off when most major coins suffered significantly, but MANA maintained well. A wild low swing was observed yesterday when the price went down to $2.73 for a few minutes but recovered soon.

MANA has gained tremendous value after breaking out of its shell on 28th October while swinging as high as $4.98 on 30th October.

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Chainlink Price Analysis is bulish today.
Price set below $29.89 resistance after falling more than 8 percent
LINK/USD is currently at $30.
Chainlink‘s price analysis for the day indicates that after yesterday’s surge past its resistance level of $29.89, the token is now declining. Yesterday, price reached as high as $33.84 before sellers entered the market to reap profits. Currently, prices are at $29.79, down more than 8 percent from yesterday’s value.

Chainlink has broken key support levels on the three-hour chart. To recover, prices will need to hold above the $22.50 level.

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SOL has surged in value, moving up to 644% in the past 90 days and 9.26% in the last 24 hours. This rally puts it on the sixth spot on the most valuable crypto ranking. The asset trades at $207.20, with weekly gains up 31.79%.

Looking at SOL’s technical performance gives us room to believe that it is a top crypto to buy for the long term. The coin is trading above the 20-day moving average (MA) support price of $167.56. The relative strength index ( RSI ) figure of 73.53 shows that SOL trades in the overbought region. The moving average convergence and divergence ( MACD ) point to a buy signal.

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Ripple Price Prediction — October 25

The Ripple price renews the bullish trend after testing the support level of $1.04 since the European session.

XRP/USD Market

Key Levels:

Resistance levels: $1.25, $1.30, $1.35

Support levels: $0.95, $0.90, $0.85

XRP/USD is currently moving sideways after plunging under $1.10 to test support at $1.04 a few hours ago. The Ripple price stays below the 9-day and 21-day moving averages, been purged from highs above the moving averages. However, a monthly high trades at $1.10 marks the end of the bullish action towards $1.20 today and this now paves the way for losses under $1.05.

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Bitcoin Price Prediction — October 25

The Bitcoin price prediction is up by more than 4.54% as the price struck a sudden and bullish price spike above the moving averages.

Resistance Levels: $70,000, $72,000, $74,000

Support Levels: $54,000, $52,000, $50,000

The daily chart reveals that BTC/USD is pushing the price above the crucial resistance level of $63,000 as the coin keeps moving towards the $65,000 resistance level. However, the number-one crypto is moving with strong bullish momentum after a sustainable break above the 9-day moving average. Meanwhile, BTC/USD has gained over 4% since the beginning of the day as it is currently trading at $63,617.

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Dogecoin in the last 24 hours, has risen by 9.76%. However, it has rested down by going down by 3% today. Interestingly, the trading volume of the coin has increased by more than 300% implying the increased popularity after Elon’s tweet.

Additionally, Shiba Inu has also joined hands with DOGE by attaining its All-time High (ATH) at $0.000042. It has skyrocketed over 500% in less than a month.

However, the sentiments for SHIB are negative after a savage reply by Musk on how much of SHIB he holds. The Tesla founder denied holding any of SHIB by replying “None.” He said that he only holds DOGE among all meme currencies.

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Bernard Mikhail

Bernard Mikhail

Bernard Mikhail is an instructor in peer-to-peer technology and a startup mentor. He is also Advisor to Intelligence Research Institutes. He blogs about Crypto