While the world’s first cryptocurrency by market cap, Bitcoin is continuing with its bearish trend which has now dropped below $31,000, the altcoin leads Ethereum along with BNB, XRP, Solana, Dogecoin, and Avalanche among others.
But the flagship currency’s price action has impacted the global crypto market plunging by 0.19% in the last 24hrs trading at $1.41 trillion.
Altcoins To See A Bullish Trend Soon
On the other hand, one of the popular crypto analysts and traders, who is known by his Twitter handle, Altcoin Sherpa, is seen warning the digital asset investors about the performance of altcoin amidst the market crash.
On May 6th, Altcoin Sherpa tweeted that if altcoins do not manage to hold on to a certain price level, then it could be lights out for many of them.
Now as he follows up with the May 6th tweet, Altcoin Sherpa informs his 175,300 Twitter followers that Solana (SOL) and Avalanche (AVX), the layer-1 smart contract platforms are at the risk of witnessing further decreasing price action towards $48.56 and $39.17 respectively.
Ar šis rašymas buvo naudingas?
Source: https://coinpedia.org/altcoin/sol-avax-price-primed-to-drop-this-level-before-bullish-reversal/