You can check out the successful forecasts of Smart Contracter who knows more than 8 here. In his latest Twitter posts, the analyst scrutinized two Ethereum rivals, which are signaling massive selling pressure. We have compiled the analyst’s current altcoin predictions for Kriptokoin.com readers.
At the height of these 2 altcoin breakouts, crypto analyst nicknamed
Smart Contracter warns that two popular altcoin projects are showing a bearish trend, despite outperforming various other cryptocurrencies in the past few months. In its recent analysis, Constracter warned its 205,200 Twitter followers that stablecoin liquidity hub and powerful Ethereum rival Terra (LUNA) is embarking on a journey of ups and downs:
One of the best performers in the last six months, LUNA is fully baked. looks like.
According to Strategist’s technical analysis, LUNA’s support levels since July 2021 have reversed and turned into resistance zones in recent weeks.
At the time of writing, Terra (LUNA) price has gained about 28% over the previous 24 hours and has reduced its distance from the ATH level to around 30%.
Analyst closely follows another ETH competitor
Smart contract-enabled Blockchain Avalanche (AVAX), currently the tenth largest cryptocurrency by market capitalization, is a challenger to Ethereum (ETH). other highly functional altcoin project. According to Smart Contracter, Avalanche is under severe negative selling pressure when coupled with Bitcoin (BTC), as the tier-1 scaling solution is falling to lower lows after hitting ATH against BTC in December. According to the crypto expert, this pattern is “very worrying”:
AVAX/BTC currently looks risky. It looks like an important macro is trying to set up low high. And in the last six months he has become one of the strongest leaders. So this is a little worrying.
At the time of writing, Avalanche (AVAX) is up about 15% from the previous day’s high, narrowing its gap to 47% from ATH in November. It looks like the panic in crypto and traditional markets, which has slumped in the pair overall after the conflicts between Russia and Ukraine, is over.
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