Polygon's Ecosystem Token (POL) is trading sideways after selling pressure eased on July 5. The cryptocurrency fell to a low of $0.43 before recovering.
The best-performing cryptocurrencies are bouncing back after reaching critical support in July. This is possible because cryptocurrencies are breaking above moving average lines.
The price of Solana (SOL) has risen steadily and has broken through resistance at $185. The breakout came after seven days of volatility below the resistance level.
Dogecoin (DOGE) has continued its uptrend above the moving averages. The altcoin rose to a high of $0.143 before pulling back and staying above the 50-day moving average line.
The price of Avalanche (AVAX) has returned to the downtrend zone after being rejected at the $33 high. Had the $3 barrier been breached, the cryptocurrency would have risen to $41.
The price of Ethereum (ETH) fell below the moving average lines on July 25. The largest altcoin reached the $3,600 resistance zone and was decisively rejected.