Avalanche’s AVAX Surges as Bitcoin Rally Stalls
Major cryptocurrencies faced resistance at significant price levels after jumping as much as 13.5% on Tuesday following the Super Bowl weekend. Source
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Stalls
Bitcoin Rally Stalls Amid Skepticism Over Russia Pullback
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Bitcoin Rally Stalls; Support at $40K, Resistance at $46K
The RSI on the weekly chart continues to rise from the most oversold level since March 2020, which preceded a strong price rally. Momentum signals are also improving on the weekly chart, which is constructive so long as support above $30,000-$40,000 holds. Original Source
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Bitcoin Stalls Near Resistance; Lower Support at $40K
The relative strength index (RSI) on the four-hour chart is declining from overbought territory, similar to what occurred in late December amid a short-term downtrend. This time, however, bitcoin has broken above previous resistance levels, which means the current pullback could stabilize soon. Original Source
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Bitcoin Stalls Below $40K; Analysts Point to Risk in DeFi
LUNA, Terra’s native token, was down as much as 10% during the past 24 hours due to yet another scandal. LUNA is on Abracadabra, a DeFi lending platform run by Sestagalli. LUNA was partly created for issuing stablecoins. The reserves of Terra-based lending and borrowing protocol Anchor, which offers a
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Bitcoin Stalls Near Resistance; Support Around $40K-$42K
The relative strength index (RSI) on the four-hour chart declined near overbought levels, similar to what occurred in late December, which preceded a pullback in price. Buyers will likely remain on the sidelines until oversold conditions materialize, most likely over the next few days. Original Source
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