Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Crypto Analyst Says Ethereum’s Top Competitor’s Downtrend Is Over, Suggests Future Path for Bitcoin and One AI Altcoin
ALTCOIN NEWS

Crypto Analyst Says Ethereum’s Top Competitor’s Downtrend Is Over, Suggests Future Path for Bitcoin and One AI Altcoin

By Crypto FlexsSeptember 20, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Crypto Analyst Says Ethereum’s Top Competitor’s Downtrend Is Over, Suggests Future Path for Bitcoin and One AI Altcoin
Share
Facebook Twitter LinkedIn Pinterest Email

A widely known cryptocurrency analyst and trader believes that one of Ethereum’s (ETH) competitors is forming a bullish reversal pattern.

An analyst known by the pseudonym Rekt Capital told his 499,100 followers on social media platform X that Avalanche (AVAX) may have reached a market bottom after retesting a key level around $21.57 on the monthly chart.

“Avalanche successfully retested the macro downtrend at the support level. This confirms that the downtrend is over and a new macro uptrend is being established. AVAX is up +29% after the successful retest.”

Source: Rekt Capital/X

At the time of writing, AVAX is trading at $27.22, up 3.1% over the last 24 hours.

The analyst then said that Bitcoin (BTC) broke out of a downtrend line on the weekly chart and could soon surge more than 5% from its current value.

“If a breakout is confirmed above a series of lower highs dating back to late July, Bitcoin could rally to $67,000, the top of the downtrend channel (black).”

video
Source: Rekt Capital/X

He also says that Bitcoin Dominance (BTC.D) may be repeating a similar pattern to 2019. He suggests that BTC.D may briefly decline followed by a surge.

“Bitcoin dominance is currently declining, which is completely consistent with the historical trend around this level. In fact, this is exactly the same situation as it was five years ago in mid-April 2019. Bitcoin dominance closed above 57.68% (green) on the monthly basis and is currently retesting this level to move into new support, confirming a breakout from the macro range.”

video
Source: Rekt Capital/X

As of this writing, Bitcoin is trading at $63,331.

Finally, the analyst is bullish on the Federation of Artificial Superintelligence (FET). He suggests that FET could soon rise by about 10% from its current value to $1.77.

“FET has broken a multi-month downtrend, performed a proper retest and appears ready to revisit upper resistance in the red range over time.”

video
Source: Rekt Capital/X

At the time of writing, FET is trading at $1.61, up 5.7% over the last 24 hours.

Don’t miss out – subscribe to receive email notifications straight to your inbox

Price check task

Follow us XFacebook and Telegram

Surfing the Daily Hodl Mix

&nbsp

Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are at your own risk and any losses you may incur are your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/Dario Lo Presti/klyaksun

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025
Most Popular

Analysts predict Solana ETF closing date in mid-March after new filing

July 9, 2024

Bitcoin, ETH, XRP, SOL, ADA Chart vs. American encryption preliminary rumors -Which should we trade?

March 6, 2025

INJ (Injective) and Aethir transform GPU compute resources through tokenization.

December 28, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.