Avalanche (AVAX) Stellar (XLM) and Dogecoin (DOGE) Expert Reviews and Technical Analysis


The cryptocurrency market at the end of the two weeks, which continued horizontally and downward-oriented, it rose. Bitcoin (BTC) the price of the 38.000 dollar forced the level, especially the mobility in the altcoins did not escape the eyes. So what do experts think about altcoins?

Bitcoin’s Market Dominance Is Falling

In fact, Bitcoin’s market dominance data will give the clearest information about altcoins. The market dominance, which rose again when Bitcoin fell hard and restored the order in the crypto currency market, has recently declined again, as can be seen from the chart.

Bitcointhe fact that the market dominance of the has fallen is proof that the altcoins are moving again. Bitcoin’s market dominance, which previously declined to below the level of 40, is on the same path again. The situation dec the altcoins is also quite different from each other, and it seems that the DOGE is leading the current rally.

DOGE Technical Analysis

The sixth largest cryptocurrency by total market capitalization, Dogecoin (DOGE), has gained 33% in the last 24 hours and actually reached a point very close to its level before the big drop. The critical level for the continuation of this for the DOGE will be $ 0.45. Earlier, the DOGE, which broke this resistance, had tested the 0,60 dollar level.

In the event of a possible decline and consolidation, DOGE investors should pay attention to the 0.33 dollar level. Although the DOGE risks losing the effect of positive news coming one after another, the pump may become more severe during the hours when the US market wakes up.

Expert Comment For Avalanche: Is the Rise Imminent?

On the other hand, the Avalanche (AVAX) price also experienced a sudden movement, as did the DOGE. AVAX, although it declined to $ 12.5 during the downtrend and caused panic, rose again and reached almost 70% above the old low point. Famous crypto currency analyst Erhan Ünal, on the other hand, looked at the state of AVAX in his latest tweet.

Ünal emphasized that the critical points for the AVAX price are between DEC 21.6 and $ 25. According to the famous analyst, breaking this can lead to the formation of important goals again. “I don’t think it will make a deeper bottom,” Ünal said, referring to the fact that the decline may be over.

XLM Is Holding In Place

In addition to AVAX and DOGE, Stellar (XLM), which many investors have been waiting for recently, is still counting on the spot. The critical resistance for XLM is seen at $0.48. In a possible decline, support at the level of 0.31 dollar may remain strong.

Although XLM has similarly increased expectations with the recent increase in the price of XRP, it has not yet made the move expected of it.

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