A popular cryptocurrency analyst and trader is expressing a bearish outlook on two under-the-radar altcoins.
Starting with smart contract platform Avalanche (abax), the pseudonymous analyst and trader Capo ບອກວ່າ his 695,000 Twitter followers that the altcoin could lose over 70% of its value as he says the present support level of around $10 appears likely to crumble.
“AVAX update:
reaching $10, which was the main target since May. As you can see, waiting is a key element if you chart high timeframe.
Now, with current data, the $10 support looks unlikely to hold. New main target: $3 – $5.”
Avalanche is trading at $10.70 at time of writing and is down more than 92% from its all-time high, which it hit in November last year.
Next up is Cronos (CRO), the cryptocurrency designed to power the Crypto.com payment, trading and financial services platform.
According to Capo, Cronos does not look good from a technical perspective and could witness another massive sell-off event if it takes out the support area around $0.052.
“CRO update:
main target reached again, with a big BUT:
The moment it breaks [support], the moment it nukes (even harder). It wouldn’t surprise me to see it dumping 70% or more if this happens.
It looks bad.”
Cronos is trading at $0.055 at time of writing. A 70% devaluation for CRO could take the altcoin to a fresh bear market low of $0.015.
ຢ່າພາດການຫຼິ້ນໃຫ້ເກີນແມ່ນ - ຈອງ ເພື່ອໃຫ້ໄດ້ຮັບການແຈ້ງເຕືອນອີເມວ crypto ທີ່ສົ່ງໂດຍກົງໃສ່ກ່ອງຈົດ ໝາຍ ຂອງທ່ານ
ການກວດສອບ ປະຕິບັດລາຄາ
ປະຕິບັດຕາມພວກເຮົາກ່ຽວກັບ Twitter, ເຟສບຸກ ແລະ ໂທລະເລກ
Surf ການປະສົມ Hodl ປະຈໍາວັນ
ການປະຕິເສດ: ຄວາມຄິດເຫັນທີ່ສະແດງຢູ່ The Daily Hodl ບໍ່ແມ່ນ ຄຳ ແນະ ນຳ ດ້ານການລົງທືນ. ນັກລົງທືນຄວນເຮັດຢ່າງດຸ ໝັ່ນ ເນື່ອງຈາກການລົງທືນທີ່ມີຄວາມສ່ຽງສູງໃນ Bitcoin, cryptocurrency ຫລືຊັບສິນດິຈິຕອນ. ກະລຸນາຮັບຊາບວ່າການໂອນຍ້າຍແລະການຄ້າຂອງທ່ານແມ່ນຢູ່ໃນຄວາມສ່ຽງຂອງທ່ານເອງ, ແລະການສູນເສຍໃດໆທີ່ທ່ານອາດຈະເກີດຂຶ້ນແມ່ນຄວາມຮັບຜິດຊອບຂອງທ່ານ. The Daily Hodl ບໍ່ໄດ້ແນະ ນຳ ໃຫ້ຊື້ຫຼືຂາຍຂອງຊັບສິນດິຈິຕອນໃດໆຫລືຊັບສິນດິຈິຕອລ, ຫລື Daily Hodl ເປັນທີ່ປຶກສາດ້ານການລົງທືນ. ກະລຸນາສັງເກດວ່າ The Daily Hodl ເຂົ້າຮ່ວມໃນການຕະຫຼາດເປັນພີ່ນ້ອງກັນ.
ຮູບພາບທີ່ສ້າງຂຶ້ນ: Midjourney
Source: https://dailyhodl.com/2022/12/31/top-crypto-analyst-issues-bearish-warning-says-avalanche-and-one-mid-cap-altcoin-could-crash-by-over-70/