Analysts share optimistic forecasts for cryptocurrencies AVAX, BTC, and FET. Based on technical analysis, growth of these assets is expected.
New Trend for Avalanche
Rekt Capital, a respected analyst among cryptocurrency circles, noted that AVAX has successfully tested its macro support and is ready for a new upward trend. After this retest, AVAX increased by 29% and is now trading at $27.22, which represents a 3.1% rise in the last 24 hours.
The Future of Bitcoin
The analyst also predicts that Bitcoin (BTC) may soon break its descending trend line on the weekly chart. If this breakout occurs, BTC could rise by 5% in the short term, aiming to reach $67,000. Additionally, Bitcoin dominance is mirroring a pattern seen in 2019 and could rise after a short decline.
Forecast for FET Coin
FET Coin, a significant AI altcoin, is also on Rekt Capital’s radar. The coin may increase by 10% to reach $1.77 after breaking a months-long downtrend. FET is preparing to test resistance at the higher end of its range.
Expert analysis indicates positive prospects for AVAX, BTC, and FET, potentially offering investment opportunities. This moment underscores optimism and hope for the growth of the cryptocurrency market.
Comments