Avalanche Loses Steam While Celo Seeks Recovery

The S&P Cryptocurrency Broad Digital Market (BDM) Index experienced a significant drop of 23.67% last week, falling to 2465.25 by the end of May 13, 2022.

Avalanche (AVAX) Perpetual Futures is considered 'Non-Attractive' at current levels due to its bearish momentum and technical indicators. The currency's price action analysis suggests a potential downside movement, with support levels expected around USD 25 in the coming sessions.

Celo (CELO), on the other hand, appears 'Attractive' given its technical indicators and price action analysis. CELO is trading in an oversold zone, indicating a possibility of rebound, with resistance levels expected around USD 1.45 in the next 1-2 weeks.