Tezos, Avalanche and Cardano – European Wrap 4 August

The cryptocurrency market has taken a considerable step back from bullish activities observed last week. Tezos price is consolidating in the confines of an ascending parallel channel while awaiting a breakout. Traders will likely claim some sizeable gains if they time the impending breakout to $2.00 and later to $2.20.

AVAX price is correcting after an impressive run-up seen over the last two weeks. This move is likely driven by investors booking profits after the aforementioned upswing.

AVAX/USDT 4-hour chart

Cardano price prepares for a rebound despite consecutive delays in the Vasil hard fork. Analysts have identified bullish potential in the altcoin, predicting a breakout past resistance at $0.55. 

ADA/USD 1-week chart





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