The cryptocurrency market is witnessing notable movements from Avalanche (AVAX), Polkadot (DOT), and Dogecoin 
$0.417186 (DOGE). Analyst Rekt Capital has provided significant technical evaluations regarding these three assets. Avalanche stands out with its strong performance, while Polkadot and Dogecoin are also signaling positively.
Avalanche’s Rise and Critical Technical Levels
Analyst Rekt Capital noted on the social media platform X that Avalanche recorded a strong rise in November. AVAX drew attention with a close above 38.57 dollars. According to the analyst, movements above this level historically signal upward potential. Rekt Capital emphasized that declines below this level could be seen as a retest attempt, highlighting the importance of 38.57 dollars as a support level for AVAX.
Currently, Avalanche is trading at 51.14 dollars. AVAX gained over 12% in the last 24 hours, continuing its upward trend. Experts believe that maintaining this support level could pave the way for future price increases. The strong performance of AVAX is viewed as a positive signal for market participants.
Polkadot and Dogecoin Show Positive Technical Data
Polkadot is positioned as the 17th largest cryptocurrency by market capitalization. The analyst stated that DOT gained 7% in value at the 10.24 dollar level over the last 24 hours. DOT found support at the 8.61 dollar level. Preserving this level could trigger further increases, according to analysts. Rekt Capital suggested that Polkadot may test new highs in the coming days.
Dogecoin also drew attention with the breakout of a rising triangle formation. This breakout was interpreted as a technically optimistic sign for DOGE. Currently, Dogecoin is trading at 0.421 dollars. The analyst noted that tests from the upper limit of the formation are crucial for confirming the breakout.
Market analysts emphasize the importance of maintaining support levels for cryptocurrencies like Avalanche, Polkadot, and Dogecoin. Particularly, Avalanche’s performance in November boosts investor confidence. The positive technical data in Polkadot and Dogecoin indicates that market activity is ongoing.
For cryptocurrency investors, such analysis plays a critical role in shaping future investments. Investors should closely monitor support levels and technical formations. While optimism persists in the market, the performance of Avalanche, Polkadot, and Dogecoin is being watched carefully.
