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Crypto analyst Rekt Capital has identified leading altcoins such as Ethereum (ETH) 
$2,629, Avalanche (AVAX), and Artificial Superintelligence Alliance (FET) as having significant potential for value gains. In a statement to his 519,200 followers on the social media platform X, he emphasized that these assets could achieve substantial increases by maintaining specific support levels.
Critical Support Level for Ethereum
Rekt Capital stated that maintaining the $3,650 support level is crucial for Ethereum to reach its target of $4,000. The analyst noted, “Ethereum retesting its trendline and stabilizing around the $3,650 area could trigger a rise.” Currently, ETH is trading at $3,790, having registered a 6% increase in the last 24 hours, boosting investor confidence in ETH’s potential.
Considering Ethereum’s position as the second-largest cryptocurrency by market capitalization, maintaining this level could be a significant indicator for both ETH and the broader market. Rekt Capital advised investors to focus their attention on this critical point.
Significant Developments for Avalanche and FET
Rekt Capital also painted a positive picture for Avalanche (AVAX), suggesting it could retest its peak levels reached in March. Currently trading at $53, AVAX has experienced a 6.5% increase in the last 24 hours, offering hope that it will challenge its March levels again. “While AVAX tests these levels, investors should be cautious and not overlook critical points,” he remarked.
Regarding the AI-based FET token, Rekt Capital indicated that successfully testing the $1.77 support level is vital for reaching higher levels. FET is currently trading at $1.89, with a daily increase of 2.6%. The analyst emphasized that the support level for FET is a point for investors to watch closely.
Call for Caution from Investors
Rekt Capital’s analyses provide significant insights for investors despite the volatile nature of cryptocurrency markets. However, the analyst reminds investors to take careful and informed steps. “Past data does not guarantee future performance, but the right strategy allows you to seize opportunities,” he stated.
In conclusion, altcoins such as Ethereum, Avalanche, and FET are considered to possess growth potential by maintaining specific support levels. Strategic comments from analysts can serve as guidance for investors.
