Türkçe
Español
The cryptocurrency market is currently experiencing volatility due to increased selling pressure and low demand. Major cryptocurrencies such as Avalanche (AVAX), Ethereum (ETH) 
$2,512, Bitcoin (BTC) 
$108,089, and Dogecoin 
$0.223337 (DOGE) are predominantly trending downward, influenced by technical indicators and macroeconomic developments.
Avalanche (AVAX) Price Analysis and Commentary
Avalanche has lost 28.70% of its value in the last month, dropping below the $30 mark. Currently trading at $25, AVAX hasn’t been at this level since November 6, 2024. Technical indicators suggest that the decline is not yet complete.
The daily chart for AVAX shows that the demand region at $27 has been lost. This level had previously supported AVAX’s rise to $50. However, due to selling pressure, this critical support has been broken. The Money Flow Index (MFI) also indicates weak buying interest, remaining below the 50 threshold, suggesting low capital flow and a decreased likelihood of recovery.
Ethereum (ETH), Bitcoin (BTC), and Dogecoin (DOGE) Price Analysis and Commentary
Ethereum is struggling to maintain the $2,600 level. Having traded above $3,000 at the beginning of the year, ETH has faced a steady decline since February. Technical indicators reveal that $2,500 is a critical support level, and if lost, a drop to $2,000 may occur. However, if ETH surpasses $2,700 again, a positive market sentiment could emerge.
Bitcoin is under selling pressure following Fed Chair Jerome Powell’s withdrawal of interest rate cut expectations. BTC is trading around $95,000, with a risk of declining to $90,000. Keeping the price above $96,000 may prevent larger losses in the short term.
Dogecoin has shown volatility recently. After dropping to $0.203 last week, DOGE has found equilibrium at $0.254, with minor gains and losses throughout the week. Technical indicators suggest that short-term recoveries for DOGE may be limited, yet the $0.269 level should be monitored as a critical resistance point.
