Cryptocurrencies Price Prediction: Avax Infinity, Algorand & Fantom — Asian Wrap 29 Dec
|AVAX retracement to $100 finds significant support, Avalanche could rebound to $125
AVAX price action has seen its series of whipsaws for December, another occurring today. Since December 23, AVAX has been bound to the inside of the Ichimoku Cloud – a behavior that is likely to continue until a clear breakout occurs. Downside risks below the $100 exist, but a return to $125 is more probable.
Algorand overbought as ALGO to face selling pressure and return to $1.50
Algorand price action has been exceptionally bullish over the past week, making substantial gains before and after Christmas. However, some of the most recent improvements may be under threat of not returning. A pullback to the Tenkan-Sen may be necessary before any new bullish momentum can occur.
Experts predict Fantom price will rally 20% as TVL crosses $5.83B in total volume locked
Fantom price exploded in the past week, total value locked in the network crossed $5.83 billion. Proponents have predicted a recovery in Fantom price from the recent crash. The highly scalable blockchain platform, Fantom suffered a drop in price. In the recent crypto crash, the token’s price plunged.
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