Cardano price action has been some of the most volatile and indecisive of all high market cap cryptocurrencies. As a result, Wednesday’s sell-off terminated what looked like the beginning of a new bullish expansion phase. However, trade opportunities of equal weight and probabilities are now present.
Solana price was at more risk of a catastrophic move lower during Wednesday’s selling pressure than most cryptocurrencies. It is a testament to Solana’s strength and bullish sentiment that not only was the retracement limited, but Solana continued to trade near its all-time highs. Two trade possibilities are now present.
Avalanche (AVAX) has been restoring its uptrend since the beginning of November after some sideways price action in October. In just a couple of days, AVAX price was able to gain 55% in value and hit $100 as a new all-time high. Since then, AVAX price has been fading slightly under some profit-taking, and the Relative Strength Index (RSI) is traded in overbought territory.
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