Trader stated that with many digital assets gaining value, there may be a potential correction in cryptocurrencies.
The Flow Horse, also known as Cantering Clark, stated in his statement on X that AVAX and RUNE are at risk of decline.
At the time of writing, AVAX is traded at $22.05, according to CoinMarketCap data, while RUNE is traded at $6.08.
The trader also suggested that Ether could also fall below $1,900 for a short time, but this lower price could increase demand for the asset.
At the time of writing, Ether is trading at $1,961, according to CoinMarketCap data.