Original U.Today article

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

Sun, 01/30/2022 - 15:14

Which coins can keep the rise going after a slight correction?

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

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. 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.

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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.

BTC/USD

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

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%.

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

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 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%.

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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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 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.

#Bitcoin Price Prediction #SOL price prediction #Dogecoin Price Prediction #Luna price prediction #AVAX price prediction

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.