A popular crypto analyst, known as Rekt Capital, is predicting good things for several cryptocurrencies. Their analysis, shared with over 500,000 followers on X, focuses on Avalanche (AVAX), Polkadot (DOT), and Dogecoin (DOGE).
Avalanche (AVAX) Looks Strong
Rekt Capital highlights Avalanche’s strong performance in November, noting a significant monthly close above $38.57. They believe any future dips below this level would likely be short-lived retests, similar to past patterns. The analyst suggests AVAX is poised for further gains after these potential retests. At the time of writing, AVAX is trading at $51.14, up over 12% in the last 24 hours.
Polkadot (DOT) Shows Early Bullish Signs
The analyst also sees positive signs for Polkadot (DOT). A recent “bullish monthly close” has brought DOT to a level last seen in April. Rekt Capital suggests that if DOT successfully retests and holds support around $8.61, further price increases are likely. DOT is currently trading at $10.24, up almost 7% in the past day.
Dogecoin (DOGE) Breaks Out
Finally, the analysis covers Dogecoin (DOGE). Rekt Capital points to a breakout from an ascending triangle pattern on the daily chart, a bullish technical indicator. Any dips back towards the $0.43 level would be considered a retest confirming the breakout, according to the analyst. DOGE is currently trading at $0.421.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
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