😱🚀🚀Unstoppable Rally: Altcoins Positioned for Massive Gains
Avalanche (#AVAX ) Struggles to Gain Momentum Amid Bearish Trends
Avalanche ($AVAX ) is struggling to break away from bearish trends with its current price stuck in the range of $23.82 to $31.49. The coin has faced a price dip of almost 13% in the past week and over 14% in the past month. With its Relative Strength Index (RSI) at 38, it signals weak buying pressure. The nearest support level sits at $22.22, while resistance waits at $35.55. For a potential bounce-back, AVAX needs to cross $35.55, pushing it towards the next resistance at $42.22, which would mean a rise of close to 50%.
Polkadot (DOT) Faces Bearish Trend Amid Price Struggles
Polkadot ($DOT ) is currently hovering between $5.00 and $6.29, reflecting bearish sentiment. The cryptocurrency has seen a 9.74% drop over the past week and an 18.01% decline in the past month. With the nearest support at $4.97 and resistance at $6.85, DOT needs to break above $6.85 to signal any bullish momentum. However, it’s still far from its second resistance of $7.79. Indicators like the Relative Strength Index (RSI) at 34.53 show it’s nearing oversold conditions, suggesting potential for a rebound. If DOT can overcome the resistance levels, it could rise by around 28% to reach $7.79. For now, bears seem to have the upper hand.
Stellar ($XLM ) Struggles Amid Market Pressures
Stellar (#XLM ) fluctuates between $0.0933 and $0.1051, mirroring a cautious market. Bulls seem weak with a recent price dip of over 5% for the week. However, the coin shows a 7% rise for the month, signaling potential recovery. The nearest resistance sits at $0.1097, and breaking through could push XLM toward its second resistance at $0.1173, a 16% hike from current levels. Yet, support levels at $0.0947 and $0.0871 loom, cautioning further dips. With an RSI of 37.13 and a MACD of -0.0013, both indicating weak bullish momentum, the outlook remains mixed for now.
