A widely watched cryptocurrency analyst presents key metrics for Ethereum rival Avalanche (AVAX).
Michael van de Poppe To tell His 623,400 Twitter followers saw Avalanche and many other altcoins below the 50-day moving average due to price corrections last week.
Traders say that if the token can regain its moving average, it will trigger a serious price rally.
“Collecting [the 50-day moving average] The same applies to AVAX.
AVAX is trading at $23.19 at the time of writing. The 14th largest crypto asset by market capitalization is down 1.4% over the past 24 hours.
Also Van de Poppe Note Fellow Ethereum (ETH) rival Phantom (FTM) is currently consolidating and waiting to see if the US dollar returns to its upward trend.
predict analysts,
The daily order block around $0.25 is strong support.
FTM is trading at $0.307388 at the time of writing. The 65th largest crypto asset by market capitalization is up 0.16% over the past 24 hours.
Also Van de Poppe Note Bitcoin’s recent price stability may indicate strength.
Well, its good that Bitcoin is holding steady, but the rest have fallen significantly. If the Euro flips and stocks signal higher, Bitcoin could show some strength. there is.”
Bitcoin (BTC) is trading at $21,532 at the time of writing, up 0.33% over the past 24 hours.
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