A crypto trader that goes by the name of Posty took to Twitter on November 15 to elaborate on what he expects the price of altcoins Avalanche (AVAX) and Solana (SOL) to do over the coming days.
AVAX / TetherUS perpetual futures 4h (Source: TradingView)
According to the post, both AVAX and SOL are good examples of what is happening to the prices of many altcoins at the moment. Posty pointed to the fact that AVAX and SOL have double bottoms to form a range low. He then believes that the cryptos will pump to range highs after which the price might eventually head lower again.
Solana / US Dollar 4h (Source: TradingView)
According to CoinMarketCap, AVAX is currently trading hands at $13.29 after a 0.31% increase in price over the last day, and after reaching a high of $13.56 over the same time period. The altcoin is, however, still in the red by more than 20% over the last week.
AVAX’s 24 hour trading volume is also in the red today to now stand at $181,526,276 after a more than 13% drop. With its market cap of $3,992,855,451, AVAX is currently the 19th biggest crypto.
Things for SOL are still looking rather red today as the altcoin is currently down by about 1.47% to trade at $14.47. SOL is also still in the red by more than 40% over the last seven days.
Looking at SOL’s 24 hour trading volume, we see that it is currently down by more than 6% to now stand at $1,074,283,498. The crypto also weakened against Bitcoin (BTC) and Ethereum (ETH) by about 0.68% and 1.19% respectively.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.