BTC, ETH, AVAX and LUNA Price Analysis for December 21

It seems unlikely that the bulls will give the bears any chance as all the coins on the top 10 list have returned to the green zone.

CoinMarketCap main currencies
CoinMarketCap main currencies

BTC / USD

Yesterday, the lower edge of the $ 46,000 side channel was able to keep the BTC / USD pair consolidating. During the day, sellers tried to push the price below $ 45,600, but in the afternoon, buyers reset it to the two-hour EMA55.

BTC / USD chart by TradingView
BTC / USD chart by TradingView

The price of BTC tested the upper edge of the lateral channel this morning. However, purchase volumes are still below average. If the bulls can rack up volumes, then the rally can continue above the POC line to the $ 50,000 area.

The bears could attempt to return the pair to the lateral range with the aim of retesting the $ 42,447 support.

Bitcoin is trading at $ 48,744 at press time.

ETH / USD

Ethereum (ETH) price decline slowed to the $ 3,800 support level yesterday morning. Overnight, the pair maintained a strong consolidation along the support line, and by the end of the day, buyers pushed the price back to the two-hour EMA55.

ETH / USD chart by TradingView
ETH / USD chart by TradingView

The recovery continued to the psychological level of $ 4,000 tonight. If the bulls continue the onslaught, they may attempt to gain a foothold above the POC line ($ 4,070).

Ethereum is trading at $ 4,012 at press time.

AVAX / USD

Avalanche (AVAX) is today’s biggest winner, skyrocketing by more than 13% since yesterday.

AVAX / USD chart by trade view
AVAX / USD chart by trade view

AVAX has returned to the bullish zone despite declining buy trading volume. If the bulls can maintain the lead, a sideways trade in the $ 110 to $ 130 range can be expected so that buyers can rack up more energy for continued growth. Such a scenario is relevant until the end of the current week.

AVAX is trading at $ 117.74 at press time.

MOON / USD

LUNA is also among the largest beneficiaries, with an increase of 12.43% in the last 24 hours.

LUNA / USD chart by trade view
LUNA / USD chart by trade view

LUNA has absorbed the recent drop and has set the new peak at $ 85. At the moment, it seems unlikely that the coin will go into a correction, which is confirmed by the high volume of buy trades.

The possible area in which bears can take the lead in the short term is the crucial mark of around $ 100 that can be reached in the next few days.

LUNA is trading at $ 84.39 as of press time.

Source: https://u.today/btc-eth-avax-and-luna-price-analysis-for-december-21

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