Bitcoin, which is dominated by horizontal price movements in the morning hours, is priced at $ 45,680. According to the data shared by Santiment yesterday, it is seen that the Bitcoin supply rate held on the exchanges has reached the lowest levels of the last 26 months. The drop in the supply rate on the exchanges is important because the high supply of Bitcoin held on the exchanges indicates that the amount of Bitcoins investors have available to sell is high, which creates selling pressure across the market. This risk is now minimized.

When we consider the BTC/USDT parity in a technical sense, BTC, which broke the $ 44985 level, where its 200-day moving average is located, on August 9, with a volume above the average, although it fell below this level yesterday, it closed the day again above its 200-day moving average with the support it found. When we examine it in the daily period, the MACD, which exists as of July 22, continues the buy signal. If this level is broken for BTC, which experienced a pullback with the reaction seen at the $ 46850 level, which coincided with the Fibo'50 slice yesterday, an increase towards the $ 50,000 level is expected.

Ethereum, which gained about 0.77 percent in the morning hours, is priced at $ 3163. ETH, which rose to the level of $ 3233 during the day yesterday, started to retreat with the news that the PolyNetwork, which came with it, was used to steal the investors' $ 600 million Polygon, Binance Smart chain and crypto in Ethereum. The medium and long-term outlook is positive when the positive outlook of the chain data is taken into account for ETH, where the impact of the news seems to be limited.

When we consider the ETH / USDT parity in a technical sense, ETH, which rose to the level of $ 3233 yesterday, regressed to $ 3050 with the withdrawal caused by the negative news flow. When we examine it in the daily period, we see that the 50-day moving average crosses the 200-day moving average upwards again. Considering this metric, which shows that the trend has turned to the upward direction again, we think that the upward price movement for ETH will continue.

AVAX, which gained about 2.49 percent in the morning hours, is priced at $ 16.80. BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are reportedly collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol and the next phase of growth in Avalanche's DeFi ecosystem, according to the new feed. We interpret this and similar news that supports the ecosystem and projects positively.

When we examine the AVAX/USDT parity technically, AVAX, which continues its price movement within the rising channel that exists as of July 20, is priced close to the $17 levels, which corresponds to the upper band of the channel. In AVAX, which reacted at the level of $ 16.85, which corresponds to the Fibo'38.20 slice yesterday and today, we see that the trading volumes in the selling direction have increased from place to place, although the MACD maintains its intersection in the direction of buy. If the $16.85 level, which is read as an important resistance level, is broken to the upside and persistence, an acceleration in the bullish movement can be seen. Channel movements should be monitored in retraction.

XRP, which appreciated by about 3.07 percent in the morning hours, is priced at $ 0.877. When we examine the XRP/USDT parity technically, it has been found from the 200-day average, which we stated is critical for the continuity of the upward price movement, with the support of XRP, which started to rise yesterday and reached the levels of $ 0.884 as of this morning. As of July 20, the price movement continues within the ascending channel, and yesterday, the $0.837 resistance level, which coincides with the middle band of the channel, was broken upwards with the sharp rises. Considering the MACD signal that crossed in the buy direction yesterday, the $ 0.915 level, which coincides with the upper band of the channel, is seen as the first target for XRP.

In the morning, 31 percent gains in value, priced at 166 TC$. LTC/USDT will continue on July 23 in a channel that continues in 4 ways, which will be discussed technically. Even though the MACD is lower, we see the continuation of a hill. If there is no upside breakability at the $169 level coming to the duct band coincident, they will be able to be bought back in channels that can be bought again.

LINK, which gained about 2.0 percent in the morning hours, is priced at $ 25.03. When we examine the LINK/USDT parity technically in the 4-hour period, it is seen that horizontal price movements were dominant as of August 3 above the $22.79 level, which corresponds to the Fibo'23.60 slice, for LINK, which was priced in the ascending channel as of July 21. LINK, which accelerated in the bullish direction with the buy signal from the MACD yesterday in the 4-hour period, is priced just below the $25.4 level, which coincides with the channel middle band in the morning. If the channel rises above the middle band and persists, the $27.8 levels, which coincide with both the 200-day moving average and the upper band of the channel, are seen as the next target.

BAT, which gained about 1.3 percent in the morning hours, is priced at $ 0.73. When we consider the BAT/USDT parity in technical terms, BAT, which has been continuing its price movement for a long time within the rising channel that existed as of July 20, started to price in the upward direction with the support it found in the lower band of the channel on August 9. For BAT, which is priced above the August 1 high of $0.723, the 4-hour MACD crossed upwards yesterday, giving a buy signal. The next target for BAT is $0.77, which coincides with the channel middle band.