Coinbry

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SOL, AVAX, FIL, and EOS gear up for a breakout as Bitcoin price gains momentum

SOL, AVAX, FIL, and EOS gear up for a breakout as Bitcoin price gains momentum

The prices of SOL, AVAX, FIL, and EOS are looking attractive, especially if Bitcoin makes a renewed attack on the $31,000 level.

Nonfarm payrolls rose by 209,000 in June, below expectations, indicating a cooling labor market. However, the average hourly earnings growth remained steady.

The report did not change expectations of a rate hike by the US Federal Reserve, putting pressure on US equities markets.

A report by JPMorgan suggests that a spot Bitcoin ETF may not have a significant impact on the crypto space.

Bitcoin remains stuck between the 20-day EMA and the overhead resistance at $31,000.

Solana has been trading in a large range and is attempting a comeback.

Avalanche successfully scaled the 50-day SMA and could rise to $16.

Filecoin is forming an inverse head and shoulders pattern, with a target of $7.30.

EOS is showing signs of a potential trend change in the near term.

Summary:

– SOL, AVAX, FIL, and EOS prices are attractive if Bitcoin attacks $31,000.

– Nonfarm payrolls rose below expectations, cooling the labor market.

– A spot Bitcoin ETF may not have a significant impact on the crypto space.

– Bitcoin remains stuck between the 20-day EMA and $31,000.

– Solana is attempting a comeback after trading in a large range.

– Avalanche could rise to $16 after scaling the 50-day SMA.

– Filecoin is forming an inverse head and shoulders pattern with a target of $7.30.

– EOS shows signs of a potential trend change in the near term.

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