Famous crypto trader Rekt Capital indicates that a significant rise could be on the horizon for Avalanche (AVAX) and Dogecoin $0.434266 (DOGE). AVAX has the potential to return to the price levels seen in March.
Avalanche’s Support Level
Rekt Capital noted that AVAX has transformed the $38.57 level from resistance to support. This support level could enable AVAX to rise to around $60 by December.
“Avalanche has officially doubled by successfully retesting the Macro Downtrend.” -Rekt Capital
Rekt Capital also focused on the rise of DOGE. He emphasized that DOGE, which has shown over 200% increases in recent weeks, could present buying opportunities should it fall below the $0.40 level.
“Dogecoin continues its upward trend by closing above a significant resistance level.” -Rekt Capital
Market Status
Currently, AVAX is trading at $39.11, showing over a 70% increase this month. DOGE is at $0.41 and has closed above the confirmation level set by Rekt Capital.
Rekt Capital: “If Dogecoin closes above $0.39, the price rise will continue.”
The trader remarked that daily closures above $0.39 would reinforce price growth for DOGE. If AVAX and DOGE maintain their support levels, both cryptocurrencies are expected to gain value.
Rekt Capital advises his followers to closely monitor market trends and take strategic positions in relevant cryptocurrencies. It is crucial for traders to watch market movements carefully.
The recent performance of AVAX and DOGE has created remarkable momentum in the crypto market. Experts believe these cryptocurrencies will continue to demonstrate strong performance in the future.