A notable analyst in the crypto market has expressed bullish expectations for Avalanche (AVAX), Polkadot (DOT), and a popular meme coin. The analyst also informed investors about critical levels based on technical indicators for these three assets. Here are 3 altcoins that the analyst views as bullish.
Avalanche (AVAX) Shows Strong Signals
Avalanche had a historic performance in November. However, it closed the month above the important level of $38.57. Analyst Rekt Capital also drew attention to Avalanche (AVAX) and said the following about this situation:
Avalanche had a historically strong monthly close above the $38.57 level, any future drops below this level would be a retest attempt like previous tests of support.
The analyst noted that this level has been a strong support in the past, in September 2021 and March 2024. He also stated that AVAX will continue to rise by maintaining this level. AVAX is currently trading at $52.81. It has increased by 1.5 percent in the last 24 hours. For investors, the $38.57 level is critical for future price movements .
Polkadot (DOT) Forms New Support Levels
Polkadot is showing early signs of forming a new support at $8.61, which Rekt Capital has commented on:
DOT is showing early signs of forming new support near $8.61, with price stability at this level critical for further upside.
DOT is currently trading at $10.05 and is down 1% in the last 24 hours. The altcoin’s price action is also attracting attention from investors. With the $8.61 level becoming a solid support, more buyer interest could see DOT push higher.
Dogecoin (DOGE) Gains Technical Strength
Dogecoin gave hope to investors by breaking the upper limit of the ascending triangle formation on the daily charts. DOGE is currently trading at $ 0.418. This technical formation is generally considered a signal supporting upward movements. Drawing attention to the movements in the meme coin project, the analyst explained this situation with the following words:
DOGE has broken through the upper boundary of the ascending triangle formation. Any pullback to the $0.43 level could be considered a post-breakout support test.
Dogecoin’s current technical situation offers new buying opportunities for investors. These three crypto assets continue to remain on investors’ radars with technical indicators and market dynamics. AVAX’s strong support, DOT’s critical levels for the rise, and DOGE’s technical formations show significant opportunities for investors. However, as we reported at Kriptokoin.com, it is important for investors to do their own analysis and consider the risks before investing.
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