CHZ Coin is among the top gainers of the day in popular cryptocurrencies. BTC, however, dropped from $69,300 to $68,668 as this article was being prepared. This is not surprising as falling volumes cause larger impacts on prices due to significant sales. On the other hand, the US markets are closed tomorrow, and such movements may repeat.
Chiliz (CHZ) Coin Analysis
Yesterday’s long daily candle was impressive but did not continue further. For now, if $0.131 is maintained, there may be new upward attempts. Sales at $0.14 are also a result of BTC’s short-term unpredictability. For example, the fluctuation at the time of writing reminds us of the risk of a larger sale. Upcoming US data in the coming days also fuels these concerns.
If sales accelerate, CHZ Coin gains could be erased down to $0.11. Below this, there are supports at $0.102 and $0.092. To draw an exciting upward path back to $0.3, the long-term resistance level of $0.14 must be surpassed with strong closures above $0.17.
GALA Coin Analysis
A $200 million hack followed by a DWF partnership caused a volatile chart for GALA Coin. On the most exciting and optimistic day for the markets, GALA Coin faced great misfortune with the sudden hack. The rise from $0.02 in March led to a peak of $0.086. The price, unable to hold here for long, quickly retreated to the $0.05 support.
For the blockchain-based gaming world, GALA is now stuck between the support at $0.042-$0.043 and the resistance above $0.046. If it can surpass the resistance, it could reach $0.052. From there, the journey towards the March peak will be targeted.
Avalanche (AVAX) Analysis
It surpassed $40 but stayed above it for a very short time. Then the direction turned down again, and AVAX price is now below $38. The steady decline is frustrating, and the high volatility of BTC price, along with double-digit AVAX inflation, complicates things. If the decline continues, it could fall to $31.5.
