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BTC, SOL, LUNA, DOGE and AVAX Price Analysis for January 30

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Sun, 30/01/2022 - 15:14
BTC, SOL, LUNA, DOGE and AVAX Price Analysis for January 30
Cover image via www.tradingview.com

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On the last day of the week, bulls could not hold the initiative as most of the coins are again in the red zone.

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Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

While altcoins are going down, the rate of Bitcoin (BTC) has increased by 0.48% since yesterday.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the daily chart, Bitcoin (BTC) is coming closer to the resistance level at $39,573. If buyers can break it and fix above, the correction can be transformed to mid-term growth. Such a price action is relevant until mid-February.

Bitcoin is trading at $37,997 at press time.

SOL/USD

Solana (SOL) could not follow the rise of Bitcoin (BTC), going down by 2.12%.

SOL/USD chart by TradingView
SOL/USD chart by TradingView

After SOL bounced off the support level at $87.73, the price keeps trading sideways, accumulating power for a further sharp move.

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BTC, DOGE and SHIB Price Analysis for January 29

In this case, one needs to pay close attention to the level at $104.82—the potential breakout of which might be a prerequisite for continued growth.

SOL is trading at $94.83 at press time.

LUNA/USD

LUNA is the biggest loser from the list, going down by 7.43%.

LUNA/USD chart by TradingView
LUNA/USD chart by TradingView

LUNA is looking much worse compared to other altcoins. The price is coming back to the recently tested support level at $47.44 on the daily timeframe. If bears manage to break it, the fall may continue to the next level at $37.88 within the next few days.

LUNA is trading at $48.74 at press time.

DOGE/USD

The rate of DOGE is almost unchanged since yesterday, with a fall accounting for only 0.53%.

DOGE/USD chart by Trading View
DOGE/USD chart by Trading View

Despite the fall, DOGE is trading sideways as the rate is located between the support at $0.1310 and the resistance at $0.1506.

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BTC, ETH, XRP, BNB and ADA Price Analysis for January 27

At the moment, the price is closer to the resistance, which means that bulls are more powerful than bears to a certain extent. In this regard, if buyers fix above the $0.15 zone, the rise may continue to $0.16 shortly.

DOGE is trading at $0.1425 at press time.

AVAX/USD

Avalanche (AVAX) is not an exception to the rule, declining by 1.17%.

AVAX/USD chart by TradingView
AVAX/USD chart by TradingView

AVAX is located closer to the resistance level at $76.57. The selling volume has declined, which means that bears are losing their initiative. If buyers can take this chance and return the rate above $80, AVAX can come back to the mid-term bullish trend.

AVAX is trading at $69.50 at press time.

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