A Crypto Analyst Predicts Market Pullback for Ethereum, Avalanche, and RUNE
A well-known crypto strategist warns that a correction is imminent for the crypto market as various digital assets surge.
According to The Flow Horse, aka Cantering Clark, he anticipates two particular projects – Avalanche (AVAX) and RUNE – to experience a significant decline. The analyst, who has 182,300 followers on Twitter, discloses that he recently opened short positions on AVAX and RUNE, expecting a pullback of at least 30%. Avalanche is currently trading at $21.35, down by 11.38% in the last 24 hours, while RUNE is trading at $6.19, down by 1.53% in the same period.
Additionally, the analyst suggests that Ethereum may briefly dip below $1,900 before rebounding due to high demand at that price range. He also notes that Bitcoin is likely to trend downwards, but he remains bullish on the leading cryptocurrency as long as it stays above the $30,000 level.
Hot Take
A well-known crypto strategist warns of an impending market correction for Ethereum, Avalanche, and RUNE, signaling the need for caution and strategic investment moves. It’s essential to monitor these developments closely in order to make informed decisions in response to potential price movements.
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