The bulls failed to sustain the growth as most coins are back in the red. Cardano (ADA) is the lone exception, up 3% over the past 24 hours.
Top Coins by CoinMarketCap
BTC/USD
Bitcoin (BTC) is back below $30,000 and is down 4.59% over the last day.
BTC/USD chart by TradingView
On the daily chart, the price has returned to the middle of the wide channel where it has been since early May. At the moment, neither bulls nor bears have accumulated enough energy for strong growth.
In this regard, there is a high chance of seeing sideways trading between $29,000 and $31,000 by mid-June.
Bitcoin is trading at $29,909 at press time.
SOL/USD
Solana (SOL) has outperformed Bitcoin (BTC) and is down 7.62%.
SOL/USD chart by TradingView
Solana (SOL) is trading below its crucial $40 level, which means another drop is more likely than a comeback. If the buyers fail to take the initiative and push the price back above the mentioned level, there are chances that the cryptocurrency will test the $35 zone soon.
SOL is trading at $39.15 at press time.
AVAX/USD
Avalanche (AVAX) is the biggest loser on the list today, down 8.13%.
AVAX/USD chart by TradingView
Despite the decline, AVAX is looking better than Solana (SOL) as price is not that close to the support zone. However, the selling volume has increased, which means that the bears are able to keep their pressure up. If that happens and the daily candle fixes near the $20 level, expect a drop to the $15-$17 zone shortly.
AVAX is trading at $24.24 at press time.
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