Blockchain News

Analyst Says Ethereum-Based Altcoin on Cusp of 80% Rally, Sets Targets for Avalanche and Polkadot

As the crypto markets are correct, a famous expert is changing his perspective on three cryptocurrencies.

Beginning with The Graph (GRT), pseudonymous analyst Cred informs his 47,800 YouTube subscribers that the blockchain data indexing technology might rise by 80% if the crypto market increases. It’s structurally sound. Again, it’s subject to the market’s resistance and problems.

But purely in terms of shorter-term trading levels and clear weekly structure, $0.14 to $0.15 for this thing is a very self-evident range high. If the market continues to risk on or doesn’t puke or breaks out or does whatever, this is one of those where the next high-timeframe trouble area is quite some way away, around $0.30.

Suppose broader market circumstances allow it, and an essential retest holds and, barring a deviation, sort of a typical breakout, and retest. In that case, there’s quite a lot of room, 80% reasonably conservatively on the weekly timescale before the next difficulty area.”

.Avalanche follows (AVAX). Cred calls Ethereum (ETHdaily ) ‘s chart “textbook” support and resistance. If Avalanche breaks over $21.50, Cred predicts a 30% gain.

“There’s a decent deal of opportunity to move between this prospective resistance break [at about $21.50] and the next resistance [at around $27]. I foresee a significant rise from this level ($21.50).

If we’re careful, this prior range high [$27] and range low might be the next issue spot. Again, it won’t be ideal between $21 and $27, but if there’s close to 30% between the high period pivot and the subsequent difficulty region, that’s probably worth paying attention to.”

The pseudonymous expert predicts that interoperability blockchain Polkadot (DOT), the 14th-largest crypto asset by market value, may gain 28% if it retests the nearest resistance level on the weekly chart.

“Any weekly that doesn’t close below $6.80 is theoretically a bullish retest candle. The range high is closer to $9 if this is a reclaim-range-low configuration. It’s possible.”

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