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Altcoins Chainlink (LINK), Avalanche (AVAX) and Litecoin (LTC) prices found support around key levels earlier this week. Their technical outlook shows a bullish picture and hints at double-digit gains ahead.
Chainlink bulls aiming for levels above $30
Chainlink (LINK) price retested, found support around the weekly support level of $22.56 on Tuesday, and rallied 8.13% until Thursday. This level coincides with two important support levels: the 50-day Exponential Moving Average (EMA) and the 38.2% Fibonacci retracement (drawn from the August 5 low of $8.08 to the December 16 high of $30.96), making it a key support zone. At the time of writing on Friday, it continues to trade higher by 3.27% at $25.26.
If LINK continues its upward momentum, it will extend the rally by 23% from its current level to test its December 16 high of $30.96.
The Relative Strength Index (RSI) reads 56, above its neutral level of 50 and pointing upwards, indicating bullish momentum. If the Moving Average Convergence Divergence (MACD) flips to a bullish crossover on the daily chart, it would give a buy signal and suggest an uptrend.
LINK/USDT daily chart
Avalanche price action looks promising
Avalanche (AVAX) price was rejected after testing a descending trendline (drawn by connecting multiple highs since mid-December) on Sunday and declined 12.3% until Tuesday. However, on Wednesday, it found support at its 61.8% Fibonacci retracement (drawn from the August low of $17.29 to the December high of $55.79) at $32 and recovered nearly 7% until Thursday. At the time of writing on Friday, it continues to recover, trading around $34.75.
If AVAX continues its recovery and breaks above the descending trendline, it could extend the rally to retest its weekly resistance level at $41.15.
However, the RSI reads 44 and points upwards. For the bullish momentum to sustain, the RSI must close above the neutral level of 50 and rise. Like Chainklink, AVAX’s MACD indicator on the daily chart is about to flip a bullish crossover. If it succeeds on a daily basis, it would give a buy signal and suggest an uptrend.
AVAX/USDT daily chart
Litecoin bulls aiming for double-digit gains
Litecoin price found support around its 50-day EMA at around $112 on Tuesday and rallied more than 18% in the next two days. At the time of writing on Friday, it hovers around $129.10.
If LTC maintains its upward trend, it will extend the rally by 14% from its current level to retest its December 5 high of $147.34.
The RSI reads 59 and points upwards, indicating bullish momentum. Moreover, the MACD indicator on the daily chart shows a bullish crossover on Thursday, giving a buy signal and suggesting an uptrend.
LTC/USDT daily chart

$AVAX signal

Twitter account: bitbull112
Coin name: AVAX
SHORT
Price: .
39.50
(Enter on entry price)

A descending triangle pattern is forming on the AVAX chart, which indicates a bearish trend. AVAX has already tested the upper resistance trendline and is likely to move downward from here.
From a technical perspective, AVAX may continue its downward movement as BTC dominance (BTC.D) appears bullish, suggesting that altcoins could face further pressure.
Target:
1) 37
2)35
3)34
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$AVAX

Currently, Ethereum is priced at $3,405.51; a 2.16% gain in the day’s trading saw total trading volume decline marginally by 1.07% to $27.25 billion. 

Another Polygon’s cofounder Sandeep Nailwal believes that ETHEREUM could skyrocket because of the market’s trends and the Layer-2 ecosystem’s development. 

Ethereum is still trading below the record high of $4,891.70, set on November 15th, 2021 despite working barcode upgrades and the addition of enticing partners. 

Ether (ETH), the second-largest cryptocurrency by market capitalization after Bitcoin, has failed to push past $3,800 in the past month. While Bitcoin continues to trade in the green demonstrating a massive upswing to the delight of traders, Ethereum has underperformed, and people are waiting for some real upwards motion. When writing this report, ETH was at $ 3,405.51 and had risen by 2.16% daily. Besides, trading volume has also slightly declined to $27.25 billion, just 1.07% lower than the previous rate. 

Polygon Cofounder expects Many POS to Join Avalanche 

As estimated by the experienced analyst and the cofounder of Polygon Sandeep Nailwal, a rather rosy outlook can be prepared for Ethereum’s price. Sometimes in the past weeks, Nailwal posted on X that the price of ETH will rally, and it will shock the market by so doing. He believes this way because Ethereum is one of the foundational layers in the crypto industry and remains to be progressed. 

Ethereum is Still Far from Its Apex 

The current price of Ethereum is still 30% down from the record high of $4,891.70 recorded on November 15, 2021. This is the case even though Ethereum has passed through some important updates meant to boost its capacity and speed. The performance was far different from Bitcoin, which has been the darling of the recent market uplift. 

That is why the competencies of Ethereum are so doubtful to Polygon and a range of other Layer-2 initiatives. Nailwal’s optimism may also stem from Polygon’s recent tie-up with Reliance Jio, one of India’s largest telecommunication firms. These two projects are likely to increase the awareness of the platform and strengthen Etherea’s community, which should lead to the formation of the prerequisites for an increase in the price of ETH tokens. 

While Nailwal has gained attention for his confidence, market analysts are warning. They also observe that Ethereum growth is slow and contingent on general market conditions and improvement of the Ethereum upgrades. However, ongoing Layer-2 implementations and integration suggest that the Ethereum network will have future growth prospects.

COIN NAME- #AVAX✅
SIGNAL TYPE- LONG

This AVAX/USDT chart displays a bullish ascending triangle pattern, a technical indicator suggesting potential upward movement. The price is approaching the breakout point of the triangle, indicating strong buying momentum. The target price after the breakout is projected at approximately $92.42, representing a 137.59% increase from the current level.
The ascending trendline reflects consistent support, and volume may confirm the breakout if it increases significantly. The EMA ribbon indicates upward momentum, as the price stays near or above it. This setup is bullish, but traders should watch for a sustained breakout and use proper risk management to avoid false signals.

Trade Details:

Entry: Around 38.40 ( Join my Binance live for premium crypto signals )

TP: 93.00
SL: hold

$AVAX
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Binance Coin and Avalanche are navigating challenging phases, showing signs of bearish trends compounded by broader market pressures and technical resistance zones. AVAX’s volume profile range (VPVR), for example, highlights a significant trading cluster between $40 and $42, a critical resistance area where considerable buy and sell orders have historically taken place.

On the other hand, the Binance coin has highlighted a series of higher and lower highs. While this trend has found support at the $641 level, the bears have little firepower. Meanwhile, Lunex Network (LNEX) continues to witness massive growth as investors anticipate more rallies in the coming weeks. Designed to enable seamless buying, selling, and swapping of cryptocurrencies across blockchains, the LNEX token has been projected to outshine existing crypto giants in this bull cycle.

Lunex Network (LNEX): Transforming Crypto Trading

Lunex Network is a next-gen Web3 DeFi crypto exchange designed to enable seamless trading and swapping of cryptos across multiple blockchains at the lowest costs. Unlike conventional exchanges with rigorous KYC requirements, Lunex has eliminated these processes, including third-party DeFi wallet connectivity, like Meta Mask and Trust Wallet, minimizing data breaches and barriers to entry.

As the first community-backed crypto exchange, Lunex enables businesses to accept crypto as a form of payment and convert it instantly to fiat through its B2B payment gateway API. This move has solved the inherent cross-border payment issues that most traders face. Its standout mobile exchange will enable users to spot trade over 50K crypto pairs across multiple blockchains.

Moreover, traders can use Lunex’s portfolio tracker to track digital assets like bonds, stocks, and cryptos. The platform stands out for its simplicity as users will only have a unique DeFi crypto wallet that allows them to buy, sell, and cryptos all from one account. Like BNB, LNEX crypto holds massive potential. At the ongoing presale, the LNEX tokens are going for only $0.0056, with early investors already making 360% in profit. With close tor $6.4 million raised in crypto ICO funding, the LNEX price is expected to jump to $1 in 2025

Avalanche Oversold or More Room for Declines?

Despite attempting a breakout in December, the AVAX token has struggled to peak above its significant barrier, reinforcing bearish sentiment. Avalanche VPVR has identified the $27 region as a potential support level. This area aligns with its previous accumulation area, indicating potential buying interest. If the AVAX token can breach this support level, the altcoin could see further declines towards the $25 range.

Recent data have demonstrated a decline in Open Interest (OI), which aligns with AVAX’s inability to sustain bullish momentum above $55 in November. A declining OI typically highlights waning speculative interest as AVAX traders hold their positions amid uncertainty. This further reflects diminishing confidence in a short-term recovery. AVAX crypto must rally above the $40 and $42 resistance levels with a rising OI to shift this sentiment.

Notably, AVAX’s relative Strength Index (RSI) has been hovering below the neutral zone at 50, reflecting the ongoing bearish momentum. This further aligns with the token’s lower highs and lower lows pattern. If the RSI continues to decline, it could enter an oversold condition, potentially attracting bargain hunters and driving a short-term recovery. Without a decisive jump above 45, bearish momentum would likely remain dominant. For AVAX bulls to take control of the market, RSI must surpass the 50 mark, highlighting a breakout above its $42 resistance level.

BNB Price Analysis

Amid the current market turbulence, BNB crypto has closed below its 50-day simple moving average at $691 on January 7, but the bears are struggling to sustain these lower levels. BNB bulls have been trying to push its value above the moving averages. If they become successful, the price of BNB could rally to challenge the overhead resistance at the $745 level. A breakout above this level could set the stage for a rally toward $794.

Notably, the bears will try to defend the level with all their might. However, if the bulls prevail, the next target would be at the $935 level. On the flip side, if the price of BNB fails to close above the 20-day exponential moving average, it could signal that the bears have taken charge. This could drop BNB’s price toward its downside support level of $635.

The recent downtrend can be attributed to broader market turbulence. Its open interest is increasing, suggesting investor confidence. Per CoinGlass data, derivative open interest for the BNB ecosystem has increased, demonstrating its potential to attract leveraged traders. The uptick comes as the BNB token recorded more price downturns in the past few days.

Best Token To Buy: AVAX, BNB, and LNEX

While AVAX and BNB bulls aim to reverse their current trajectory, Lunex Network could become a strong contender in the market. Based on its growth potential and innovative cross-chain capabilities, Lunex is emerging as the go-to platform for high returns and reliability in the DeFi market.

You can find more information about Lunex (LNEX) Network here:

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

$AVAX



Market Context:
AVAX is retracing in line with the broader market, reaching a key support zone that offers a solid entry point for a long spot trade.

Trade Details:

Entry Zone: Between $30.50 – $35.00
Take Profit Targets:
$40.00 – $45.00
$52.00 – $55.00
Stop Loss: Just below $28.00

This trade takes advantage of the retracement into support, with a favorable risk-to-reward ratio for potential upside momentum. 📈

$AVAX



The chart illustrates a classic symmetrical triangle pattern on the weekly timeframe, suggesting a period of consolidation before a potential breakout. The price is holding above the 50-week moving average (MA50), reinforcing the bullish outlook.

Key Observations

The symmetrical triangle indicates indecision in the market, with buyers and sellers converging.

Holding above the MA50 signals strong support and a likelihood of upward momentum.

A confirmed breakout above the upper trendline will validate the bullish scenario and trigger significant upward movement.

Targets Upon Breakout
$61 - $149

Strategic Implications
Patience is key. Monitor for a breakout with strong volume confirmation above the triangle's resistance. Failure to break out may result in continued consolidation within the pattern. This setup offers significant potential for medium to long-term gains if the breakout materializes.
#BinanceMegadropSolv #CryptoMarketDip #AIAgentFrenzy

The current situation of Avalanche (AVAX) in the crypto market is astounding, given the experts’ forecast that the price of each coin may reach $150. The token has been up by 1.82% in the last day and is currently worth $ 43.30. Such a bullish outlook has the foundation on key market drivers and increasing institutional participation that has placed AVAX on a trajectory towards a major breakout.

Could Avalanche have a much bigger movement than expected?

Avalanche (AVAX) also seems primed for a large price action based on key fundamental and technical indicators pointing towards $150. WoC data shows upward ascending patterns of the token since 2021 with a solid accumulation process, which proves its fundament.

Financial analyst Maxwell Mutuma stated that the objects on the chart indicate that Avalanche is establishing momentum for an upward move. “It is evident from this arrangement that enough bulls have lined up for the token which is sterling news for the future price targets of the token.”

Avalanche

The token’s 24-hour trading volume was at $196.81 million, proving that it has enough liquidity and that trading activity is improving. This increased interaction is down to the improved perception of risks associated with AVAX and the conviction that it holds the potential to deliver substantially higher returns in the future.

Key Resistance at $44 Could Define Next Move

Believing in $44 resistance level for Avalanche is crucial when it comes to near-term bullish or bearish pressure. Experts believe that if it goes above this mark, the price could move up toward the $50, giving it a 13.62% gain. On the other hand, if this level has not been cleared, it suggests a dip back down to the $40 support level.

“The $44 is crucial to AVAX,” said Saman Waris, the editor of Crypto Insights. ‘If it breaks through here, the path to further appreciation could be possible, while if it fails to hold here, the downside could potentially be challenged by the support below.”

Avalanche

Other technical inputs include the Horserace Alligator indicator and the Stochastic Relative Strength Index. From the manner in which the Alligator indicator exhibits a wide divergence on the moving averages, it can be interpreted that there is strong upward movement. Although the asset continues to trade in the bull territory, the Stochastic RSI at 96.88 suggests that the asset may need a short-term correction.

Shareholder Attitude Stays Buoyant Despite Fluctuations

According to IntotheBlock data, 70.41% of Avalanche holders are currently profitable if their acquisition costs have been below $43.48. This is still a positive number and denotes the base of investors who were able to acquire the token at a cheaper price.

Two ‘buying zones’ where clusters of holders bought AVAX when it was around $12.98 – $27.67 are useful to bulls. With AVAX being around $44, there could be some dump as some holders cash in their profits or sell at some breakeven prices.

Conclusion

AVAX, the native digital token of the Avalanche ecosystem, also looks poised for an upward move with analysts pointing to returns of up to $150. The token was also based on some key resistance ranges and sound technical signals that could trigger gigantic movements once the token floor gets over $44. The majority of holders hold assets in profit, however, critical price levels are timely setup, thus it is recommended to be more careful now. Keep following The Bit Journal and keep an eye on Avalanche price prediction.

FAQS

That is why analysts are forecasting that the Avalanche could reach $150.

Bullish technical indicators such as volume and money flow, institutional demand, and overall positive sentiment are equally as strong as the reasons why analysts have high expectations for AVAX.

Why is the $44 a key sentiment for AVAX?

Most importantly, the $44 level is important because, in the case of a bullish breakout past this level, there could be enhancements in the price, in the event of failure to hold above the level, this could precipitate a pullback.

What about the holder sentiment per now and, in particular, for AVAX?

According to data, approximately 70.41% of holders are still in profit, this signifies the investors confidence in the AVAX token.

Which technical signals explain diversified bullish sentiment towards Avalanche?

Now, such as the Alligator and Stochastic RSI have indicated an upward trend, meaning that it could go higher, but a small dip may occur in between.

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