A widely respected cryptocurrency analyst and trader predicts that one of Ethereum (ETH)’s competitors is on the verge of a major breakout.
Analyst known by the pseudonym Kaleo says 626,600 followers on social media platform
“AVAX will soon drop to $100 and you won’t blame it.”
Avalanche is trading at $43.52 at the time of this writing, up nearly 4% in the last 24 hours.
Next is the merchant. turning Bullish on layer 2 scaling solution Polygon (MATIC).
“It’s been a while since I looked at the MATIC (daily) chart and damn. Aren’t we going to get back to the top again?”
Looking at his chart, the trader suggests that MATIC is in a bullish trend reversal after breaking above the upper side of the descending trend line.
MATIC is trading at $1.16 at the time of this writing, up almost 4% in the last 24 hours.
Finally, the merchant Called The underlying asset of decentralized exchange (DEX) Injective (INJ) has more upside potential.
“INJ are back to their best and don’t seem to want to slow down. send.”
Looking at his chart, the trader seems to be predicting that INJ will rise to $74, an increase of over 71% from its current value.
INJ is trading at $43.05 at the time of this writing, up more than 9% in the last 24 hours.
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Image created: DALLE3