Big Breakouts in Store for Ethereum Challengers Avalanche (AVAX) and Near (NEAR), According to Crypto Analyst
A closely tracked crypto strategist is predicting price surges for Ethereum (ETH) rivals Avalanche (AVAX) and Near (NEAR) as the markets continue to build strength.
Pseudonymous analyst Cantering Clark tells his 120,600 Twitter followers that he sees smart contract platform Avalanche making a big move after breaking its immediate resistance at $84.
“AVAX waking up against BTC and ETH pairs, and with a major break in the USD pair above a weekly level that has absolutely shut it down until recently.
Long and strong.”
Cantering Clark also says that he bought the recent AVAX dip as he sees the coin potentially rallying to $115 at the very least.
“Added pretty heavily to AVAX on this dip. As soon as it hits 100 you are going to get the ‘hundy roll’ effect and see overextension. I think a minimum of $115 and back to range highs. Similar transition as Luna, and it did this the last time I mentioned similarity as well.”
At time of writing, Avalanche is trading for $91.30.
The next coin on the trader’s radar is Near, a developer-focused blockchain designed for scalability and stability. Cantering Clark says Near is threatening to take out its immediate resistance at $14 and rally to his target at $20.
“NEAR breaking above the highs on abnormal volume and against the BTC pair as well. Send it on the path to $20.”
Near is exchanging hands for $13.84 at time of writing.
Another Ethereum challenger on Cantering Clark’s radar is Solana (SOL). According to the crypto analyst, he sees SOL maintaining its bullish momentum as it tears down one resistance after another.
“A very nice looking move here from SOL. Potential for a big breakout to $120 with acceptance into this gap.”
Solana is trading for $109.50 at time of writing.
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The post Big Breakouts in Store for Ethereum Challengers Avalanche (AVAX) and Near (NEAR), According to Crypto Analyst appeared first on The Daily Hodl.
