NEAR and AVAX News: Altcoins, following the news of SEC Chairman Gary Gensler's resignation, gained double-digit gains with rising optimism. Among altcoins, XRP, DOT, and ADA coins started to gain value after testing important resistance levels following a long period of stagnation. Analysts believe that a stronger momentum is approaching for NEAR and AVAX, which have shown a weaker performance in the bull market.
NEAR is weak with artificial intelligence tokens!
Near Protocol, one of the artificial intelligence tokens that showed weak performance after the election, managed to recover its weekly loss by rising 13 percent in the last day. At the time of writing this article, the artificial intelligence token is trading at $6.44 and gaining momentum above $6.
Crypto analyst M. van de Poppe discussed the NEAR chart, indicating an uptrend in the altcoin's price with the statement '*This is going great, I couldn't reach my ideal entry zone. Next target is $8.00. I expect a lot from the vertical-specific Layer 1s.'
NEAR technical chart: BB and ADX Source: CMC Meanwhile, the Total Value Locked (TVL) of the altcoin, which has not reached $8 since last July, has reached $289 million. In the current technical chart, the Average Directional Index (ADX), which indicates that the current trend is strengthening, shows that the altcoin can maintain its momentum.
Can Avalanche (AVAX) gain momentum towards $60?
While altcoins show double-digit increases, AVAX, which has shown a weak rise, has risen by 25% in the past week. Reaching $43, the highest level since last April, the altcoin has formed a strong support above $30 at the time of writing this article. If the altcoin continues to rise and manages to hold above $40, it could see an increase towards $50.
Analyst M. van de Poppe pointed to $60 for AVAX, saying “Layer 1s are firing up, which is great. I think there is more to come, so you'll want to buy the dips. Ideal area to enter this stock is $36-39. Target area, the next one, is $60.”
AVAX technical chart RSI and ADX Source: CMCLastly, AVAX technical chart is giving mixed signals. The CMF value is decreasing, indicating a weakening buying pressure. However, the Bollinger Bands are expanding, interpreted as a slight increase in volatility. The current chart shows that the Average Directional Index (ADX) suggests a possible continuation of the upward trend. The Relative Strength Index (RSI) is at the level of 69.
The information in the text is purely for informational purposes. It does not constitute any investment advice. Cryptoparahaber.com is not responsible for any profit or loss arising from your investments. Ultimately, investment relies on many fundamentals such as knowledge, experience, research, and personal decisions.
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2 altcoins that have fallen below their value in the bull market: Analyst predicts NEAR and AVAX prices
NEAR and AVAX News: Altcoins, following the news of SEC Chairman Gary Gensler's resignation, gained double-digit gains with rising optimism. Among altcoins, XRP, DOT, and ADA coins started to gain value after testing important resistance levels following a long period of stagnation. Analysts believe that a stronger momentum is approaching for NEAR and AVAX, which have shown a weaker performance in the bull market.
NEAR is weak with artificial intelligence tokens!
Near Protocol, one of the artificial intelligence tokens that showed weak performance after the election, managed to recover its weekly loss by rising 13 percent in the last day. At the time of writing this article, the artificial intelligence token is trading at $6.44 and gaining momentum above $6.
Crypto analyst M. van de Poppe discussed the NEAR chart, indicating an uptrend in the altcoin's price with the statement '*This is going great, I couldn't reach my ideal entry zone. Next target is $8.00. I expect a lot from the vertical-specific Layer 1s.'
NEAR technical chart: BB and ADX Source: CMC Meanwhile, the Total Value Locked (TVL) of the altcoin, which has not reached $8 since last July, has reached $289 million. In the current technical chart, the Average Directional Index (ADX), which indicates that the current trend is strengthening, shows that the altcoin can maintain its momentum.
Can Avalanche (AVAX) gain momentum towards $60?
While altcoins show double-digit increases, AVAX, which has shown a weak rise, has risen by 25% in the past week. Reaching $43, the highest level since last April, the altcoin has formed a strong support above $30 at the time of writing this article. If the altcoin continues to rise and manages to hold above $40, it could see an increase towards $50.
Analyst M. van de Poppe pointed to $60 for AVAX, saying “Layer 1s are firing up, which is great. I think there is more to come, so you'll want to buy the dips. Ideal area to enter this stock is $36-39. Target area, the next one, is $60.”
AVAX technical chart RSI and ADX Source: CMCLastly, AVAX technical chart is giving mixed signals. The CMF value is decreasing, indicating a weakening buying pressure. However, the Bollinger Bands are expanding, interpreted as a slight increase in volatility. The current chart shows that the Average Directional Index (ADX) suggests a possible continuation of the upward trend. The Relative Strength Index (RSI) is at the level of 69.
The information in the text is purely for informational purposes. It does not constitute any investment advice. Cryptoparahaber.com is not responsible for any profit or loss arising from your investments. Ultimately, investment relies on many fundamentals such as knowledge, experience, research, and personal decisions.
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