A popular Bitcoin and altcoin analyst says Avalanche (AVAX) and other leading layer-1 platforms are starting to show signs of weakness. As Kriptokoin.com, we report the analysis of Smart Contracter…
Smart Contracter is on the decline for AVAX
As you can see in this article, Smart Contracter, who has predicted various levels correctly in cryptocurrencies, has 205,000 Twitter followers, He says that smart contract platform Avalanche is in a bearish trend after seeing consecutive lower lows in USD and Bitcoin (BTC) pairs, using the following statements:
AVAX still looks very unhealthy against BTC and USD. It’s starting to look like Solana in November. I wouldn’t be surprised if I saw another 50 percent drop.
Other altcoins are also “looking terrible”
In November, Solana (SOL) hit an all-time high of $259. The Ethereum (ETH) rival has since been in a downtrend and is now changing hands for $83.06. Meanwhile, AVAX is trading at $73, down over 50 percent from its all-time high of $147. Smart Contracter adds that other tier-1 cryptoassets seem to be following in the footsteps of AVAX, using
All powerful tier-1s leading the herd for this year AVAX, LUNA, ATOM and FTM it’s starting to look scary.
Weekly closings in Bitcoin and ETH are “lousy”
Cosmos (ATOM), a blockchain ecosystem, is about a percent of its value at a record $44.70 He suffered a huge decline, losing 50. Phantom (FTM) has lost more than 60 percent of its October high. Terra (LUNA) is trading at $87.81, down almost 18 percent from its all-time high of $103.60. Looking at Bitcoin, the crypto strategist predicts a short-term bounce above $40,000 before continuing the downtrend. In ETH and BTC, he states that the weekly closes are awful and uses the following expressions:
Weekly closes in BTC and ETH are terrible and any strength up to $42,000 in my opinion will allow us to go back to the lows later on. will cause.
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