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The crypto markets are heading towards the last phase of the year, which is largely believed to be historically bullish. The major altcoins have been rising slowly and steadily, achieving the interim milestone and preparing for the upcoming bull run.
A pseudonymous cryptocurrency analyst issued a warning to investors and traders in the digital currency ecosystem, predicting a gradual decline for several prominent cryptocurrencies, including Solana (CRYPTO: SOL), Chainlink (CRYPTO: LINK), Avalanche (CRYPTO: AVAX) and the decentralized finance (DeFi) token Rune (CRYPTO: RUNE). Altcoin Sherpa's analysis focused on specific technical indicators, particularly the .382 Fibonacci retracement levels and the 200-day Exponential Moving Averages (EMAs) on the four-hour charts.
Additionally, there is notable interest in cryptocurrencies like Avalanche and Everlodge. Delve into the details to understand the factors influencing these predictions.
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Set out on an exhilarating adventure with three dynamic multibagger cryptos, revolutionizing investment strategies.
AVAX price is showing positive signs above the $20 support. Avalanche bulls seem to be in control, and they might aim for a rally toward $25.
Coming to the end of 2023, the altcoins are preparing bullish continuation patterns and eye higher levels to the end. Similarly, the AVAX price trend displays a breakout rally ready to gain momentum in the 4H chart. Prolonging the uptrend in the daily timeframe, the breakout signals an early entry opportunity for short-term traders.
A closely followed crypto strategist believes that four altcoins including Solana (SOL), Chainlink (LINK) and Avalanche (AVAX) will witness a bearish December.
Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000.
Crypto investment platform Republic will list its profit-sharing digital asset, the Republic Note, on the Avalanche Blockchain via the US-regulated trading platform INX.
The company revealed that its tokenized investment fund, Republic Note will be launched next week.
Based on their potential to one day overtake Ethereum, Cardano and Avalanche could be significantly undervalued.
AVAX closed above $20 weekly resistance for the first time in a year - transforming it into support now is key to kicking off a major 70% price surge.
Don't miss out on three top cryptos to buy and hold for long-term investors who anticipate big returns in this market.
Short positions in two cryptocurrencies have risen in the past 12 to 24 hours, indicating a bearish sentiment in the cryptocurrency market; however, this volume may lead to short-squeeze opportunities for bullish traders.
In her role, Nguyen will play a crucial part in promoting awareness, engagement, and overall growth of the Avalanche ecosystem within the country. This appointment aligns with Ava Labs' commitment to expanding its presence globally and fostering blockchain technology adoption in diverse regions.
The upcoming catalysts include the Bitcoin halving scheduled for April and pending applications for a spot Bitcoin exchange-traded fund (ETF). These events, especially the ETF decisions in January, are expected to drive increased market activity.
Avalanche NFT volume reached $7 million in November. Transaction numbers spiked to the highest in over a year.
Avalanche, the layer 1 blockchain, marked a significant milestone recently, reaching over six million addresses, signaling a renewed surge in network activity. Compiled data from IntoTheBlock reveals intriguing insights into the on-chain metrics of the Avalanche blockchain, showcasing a surge in transactions and address growth.
In the speculative market, the asymmetry between fundamental aspects and the market's perception of value is what creates opportunity. Cryptocurrency investors can benefit from finding asymmetries and positioning accordingly.
In a significant development for users of the Avalanche blockchain, the current Avalanche Web Wallet is set to be phased out by November 30th. This move marks a pivotal shift in how Avalanche stakers will manage their assets and staking activities.
In the fast-paced world of blockchain technology, Avalanche, a layer 1 blockchain, has marked a significant milestone, capturing the attention of crypto enthusiasts and investors alike. Over the weekend, Avalanche achieved a commendable feat – amassing a balance across more than six million addresses.
Transactions on the network increased because of a new token standard. AVAX's volume fell while the TVL decreased slightly.
Bitcoin has risen above $38,000, clearing the path for a rally higher. Will altcoins follow?
