A popular crypto analyst is sharing their predictions for several cryptocurrencies, including XRP, Avalanche (AVAX), Dogecoin (DOGE), and Pepe (PEPE).
XRP: Breakout Potential?
The analyst believes XRP is forming a “cup and handle” pattern, a bullish signal suggesting a price increase is imminent. They predict a potential breakout if XRP surpasses $2.80, potentially leading to a price of $3.35. At the time of writing, XRP is trading at $2.74.
Avalanche (AVAX): Support Level Key
For Avalanche (AVAX), the analyst points to a key support level at $20. They suggest a price increase is likely if AVAX holds above this level within its current trading range ($20 to $56). AVAX is currently trading at $24.95.
Dogecoin (DOGE): Bottoming Out?
The analyst sees Dogecoin (DOGE) potentially bottoming out near a key Fibonacci retracement level (0.618). Holding above $0.25 is crucial for a potential bullish reversal, according to the analyst. DOGE is currently trading at $0.266.
Pepe (PEPE): Holding the Line
Regarding Pepe (PEPE), the analyst highlights a crucial support level at $0.0000092. Maintaining this level could lead to a rebound, while falling below it might trigger a drop towards $0.0000032. PEPE is currently trading at $0.00000978.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Always do your own research before investing in cryptocurrencies.
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