Avalanche (AVAX) Confirms Breakout, Says Crypto Analyst
A popular crypto analyst has revealed that Avalanche (AVAX), an Ethereum competitor, has confirmed a breakout after surging by over 460% in just 90 days. The analyst, known as Rekt Capital, shared on Twitter that AVAX has successfully flipped its macro downtrend from resistance to support, indicating a significant breakthrough. However, the analyst did not provide a specific price target for AVAX following the breakout. Despite this, AVAX has seen impressive gains, with its price rising from $8.65 to $47.79 over the past three months.
Ocean Protocol (OCEAN) Also Primed for Rally
Rekt Capital also highlighted another digital asset, Ocean Protocol (OCEAN), which has successfully tested a key support area. The analyst predicts that OCEAN will rally towards the $0.64 level but notes that it may face resistance at that point. OCEAN is currently trading at $0.561, showing a 1.73% increase in the last 24 hours.
Hot Take: Avalanche and Ocean Protocol Show Promising Breakouts
Avalanche and Ocean Protocol are two cryptocurrencies that have recently confirmed breakouts, according to crypto analyst Rekt Capital. Avalanche has experienced an impressive surge of over 460% in just three months and has successfully flipped its macro downtrend into support. Meanwhile, Ocean Protocol has shown strong support and is expected to rally towards the $0.64 level, although it may encounter resistance there. These developments indicate positive momentum for both assets and suggest potential opportunities for investors in the crypto market.
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