Crypto Analyst Predicts Big Drop for Cryptocurrency, Signals Bullish Pattern for Another, and Sees a Potential Bounce for a Third
A well-known analyst is warning that Avalanche (AVAX) could soon take a significant hit, dropping by over 22% from its current price, according to a recent tweet. The analyst shared a chart that suggests AVAX will face a pullback after breaching a key resistance level at $21.17, based on its historical pattern. As of writing, AVAX is trading at $20.60, down by 9.4% in the last 24 hours.
The analyst also weighed in on Dogecoin (DOGE) and suggested that the cryptocurrency is on the verge of printing a bullish price pattern, potentially signaling a trend reversal. DOGE is trading at $0.0819, up by 6% in the last 24 hours.
Lastly, the analyst shared insights on Polygon (MATIC) and predicted a retracement to a crucial Fibonacci level, followed by a bounce. As of writing, MATIC is trading at $0.80, down by 9.7% in the last 24 hours.
Hot Take
The analyst’s predictions on the potential decline of Avalanche, the bullish pattern for Dogecoin, and the expected retracement and bounce for Polygon could provide valuable insights for crypto traders and investors, helping them make informed decisions.
By
By
By
By
By