The cryptocurrency market is experiencing a period of extreme volatility, with Bitcoin leading the scene, but it has lost significant momentum in recent days. In this context, three digital currencies stand out for their resilience against declines: Solana (SOL), Avalanche (AVAX), and Lido DAO (LDO), which show resistance structures, and even bullish strength, and may outperform Bitcoin this week.
BeInCrypto has analyzed three leading cryptocurrencies that are important for investors to monitor this week.
Solana (SOL)
The SOL chart shows a bullish structure with higher lows. However, the price is approaching the main trendline. Clear supply zones can be seen at $197-$206, which previously acted as barriers.
Breaking the current support area upwards could lead to a new rally towards $197 and $206. Surpassing these resistance levels would pave the way for new highs supported by strong technical proof.
In a bearish scenario, breaking the ascending trendline and support at $181 would open the door for declines towards $172 and even $157, weakening the bullish structure.
Avalanche (AVAX)
The AVAX chart reflects a bullish structure, with higher lows and resistance at $27, where the liquidation area lies. The current price movement is concentrated around $23, which is a key support level.
If it can strengthen support, the token could rise towards $25 and then to $27, confirming the continuity of its bullish structure and attracting new buying volume.
Conversely, a drop below $23 means further decline with the possibility of dropping towards $21, which would partially invalidate its recovery structure.
Lido DAO (LDO)
The LDO stock chart shows a sharp correction after reaching its highest levels at $1.65, approaching the main buy zone between $1.20 and $1.25. This area represents vital support that could indicate a technical rebound.
Price analysis of Lido DAO (LDO).
If the price manages to defend the buy zone, it could rise towards $1.40 and eventually return to $1.55, regaining its short-term bullish bias.
However, if it loses $1.20, it will face deeper declines, with the risk of retracting to $1.00, which would negatively impact its direction.
Could this be the week for altcoins?
The three assets present interesting technical structures. The SOL stock maintains its strength as long as it stays above the trendline, while the AVAX stock aims to continue its bullish structure if it holds the $23 level, and the LDO stock relies on the main buy zone.
Among the three, SOL shows the greatest potential for positive returns, although market volatility requires caution in all cases.
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