SOL, MATIC, and AVAX Price On Verge Of 50% Drop. This is What Traders Should Look at

A closely followed crypto analyst and a trader who is pseudonymously known as Altcoin Sherpa comes up with his analysis and is seen warning the traders that altcoins will see more selling pressure if the price fails to hold on to their support level. The crypto strategist, Altcoin Sherpa informs his 174,900 Twitter followers that ….

Timeline of Avalanche, Polygon, Solana

Avalanche price analysis reveals that AVAX closed yesterday's trading session trading at $56.12 which is a slight dip of 0.69% from its opening price of $56.52.The cryptocurrency entered the week trading at $57.18 and hit its weekly high at $61.01 before it started to experience some sell-offs that led it to where it is now.AVAX.

NFT trading volume has been on a robust momentum since April and the pace is just right for May with Solana and Moonbirds NFTs such as Okay Bears triggering the increase in NFT sales volume since April. According to DappRadar, there is a monumental 45% climb in organic trading volume of NFTs in April in comparison to the previous months.

Scarlet Grimoire was developed by the leading game engine Unreal Engine 5 and self-developed decentralized cloud ”Nebula Cloud System“ which is definitely a metaverse dark horse of this year. Scarlet Grimoire is the first Web3 Action Battle Royale MOBA game under the Metaverse infrastructure platform “Cateverse”, in a strategic partnership with Polygon and funded by … Continued The post Scarlet Grimoire Partners With Polygon Studios appeared first on BeInCrypto.

Solana price analysis for today shows the prices opened the daily trading session trading at $83.82 and have dipped further to lows of $82.06, at the time of writing. The market is currently bearish on SOL prices as the 7-day moving average crosses below the 21-day moving average.

A fallout from the ascending wedge pattern signaled the continuation of the ongoing correction. Therefore, the aggressive selling from the traders breached the $67 local support and sank the (Avalanche)AVAX price to $55-$52 support.

Recent Polygon price analysis shows a continuous bearish trend as prices nosedive to new lows. The Polygon token is currently trading at $1.03 after shedding 9.46 percent of its price in the last 24 hours.MATIC prices closed yesterday's trading session trading at $1.13 after a brief period of consolidation above the $1.2 mark.

Solana, the popular open source Blockchain that aids smart contracts, has recorded a notable market performance over the past months. According to data from cryptocurrency analytics platform Messari, Solana's NFT sales volume has resulted in it becoming the second-largest protocol by the end of the quarter, while Ethereum took the first place.

The blockchain space has become increasingly competitive. The so-called “Ethereum killers” have been advancing their networks with superior features to boost user experiences, such as [.

Vector Finance TVL hits a new high as Curve Wars shifts to Avalanche In order to become the network's biggest liquidity hub so let's read more about it in today's blockchain news. The battle to attract stablecoin liquidity was a trending theme on the crypto landscape for the past year as decentralized finance users came

WAVES dropped by as much as 17% in today's session, as crypto markets as a whole traded mostly in the red. SOL and NEAR were two notable tokens to fall in today's session, with AVAX also falling by double digits today. WAVES WAVES dropped for a second consecutive session, as prices moved towards the long-term