The last day of the week turned negative for the crypto market as most coins were in the red zone. LUNA is the only exception to the rule, increasing 2%.
BTC/USD
The Bitcoin (BTC) rate has dropped 11% from last week.
Bitcoin (BTC) is trading around the $41,967 support on the daily chart.
If the bear pressure continues and the rate fixes below this mark, one can expect the leading cryptocurrency to position itself around the psychological $40,000 area next week.
Bitcoin is trading at $41,622 at press time.
XRP/USD
XRP has lost more than Bitcoin (BTC) with a -2.24% price change since yesterday.
XRP remains in the control of the bears as the bulls failed to seize the initiative after testing the liquidity zone around $0.84. If the situation does not change, the drop could cause the XRP rate to soon reach the support at $0.652.
XRP is trading at $0.7441 at press time.
AVAX / USD
Avalanche (AVAX) is the most bearish stock today in terms of weekly price change, with a 26% drop.
On the daily chart, AVAX almost tested the support at $76.57, followed by a bounce. However, the buying volume is low, which means that the possibility of an uptrend reversal is very low.
In this case, the most likely scenario is a sideways trade between $80 and $90.
AVAX is trading at $84.80 at press time.
DOT / USD
Polkadot (DOT) also followed the decline of other coins, dropping 2.50%.
From a technical point of view, DOT is trading similarly to AVAX as it has also almost tested the support zone. Until the rate is above $22.66, the bulls have a chance to get back into the game, bringing the rate back towards the nearest resistance at $27.61. If they fail to do so, it is likely to see a break of the support and a sharp drop to $20.
DOT is trading at $24.35 at press time.
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