😱🚀🚀We are examining 2 Altcoins with recovery potential that may be buying opportunities
Avalanche (#AVAX ) is currently trading between $21.82 and $31.49, showing potential for a strong rebound despite recent bearish momentum. Although bears have been dominant with a recent drop of nearly 20% in one week and over 34% in six months, there is a promising upside.
If bulls can push past the $35.55 resistance, AVAX could rise to around $42.22, representing a potential 35% increase from its lower range. While caution is advised if the price dips below $22.22, which could lead to a decline towards $15.55, the overall outlook remains optimistic. The technical markers, including the RSI and MACD, indicate that with renewed buying interest, AVAX could experience significant gains. This positions AVAX for a possible strong upward move, making it an exciting opportunity for investors.
TRON (TRX) is currently trading between $0.13 and $0.14, but it shows significant potential for a strong recovery. If TRX can break through the resistance at $0.14, it could rise to $0.15, representing a 7% increase. The Relative Strength Index (RSI) at 66.73 and the Stochastic reading at 76.39 suggest cautious optimism, indicating that while the market sentiment shows some bullish momentum, there is room for a substantial upward move.
Recent price changes have been modest, with a 0.73% gain over the past month and a 7.55% rise over six months. Although there was a nearly 7% drop in the past week, this decline sets the stage for a potential robust recovery. If the bullish momentum strengthens, TRX could experience significant gains, making it an exciting opportunity for investors looking for growth.
