The crypto market sees a slight correction these days. Check out the latest reports on AVAX – it seems that the rally of this coin is not completely over.
AVAX price analysis is out
A popular crypto strategist is predicting rallies for Ethereum (ETH) rival Avalanche (AVAX) while keeping a close watch on one large-cap digital asset.
Michaël van de Poppe said not too long ago that AVAX looks primed for a strong rally after taking out resistance at $26.
“Avalanche looks ready for continuation here:
Attacking the highs at $26 for the third time.
Breaking that resistance activates acceleration with all previous highs (shorts getting stopped).
50-day moving average holding as support.
At the time of writing, AVAX is swapping hands for $27.14.
The next altcoin on the trader’s list is the decentralized oracle network Chainlink (LINK).
Van de Poppe said that this is presenting a huge opportunity for long-term bulls.
“Chainlink approaches $8.
It looks a lot like accumulation on the BTC and USD pairs, and I still believe that it’s an opportunity of a lifetime.
One of the assets to accumulate for the next bull, while it’s down 85% from the previous all-time high.”
At the time of writing, LINK is trading at $8.50. The coin saw an over 8% surge in the past 24 hours.
General crypto market state
Raoul Pal is addressing the single best time to buy bonds. Check out the post that he shared on his social media account below.
Some people criticized him for the post that he shared due to the Soros reference.
Check out the tweet that he shared below:
As Soros writes in his exceptional “The Alchemy of Finance” – the single best time to buy bonds is when the yield curve is inverted.
Stay tuned for more news and keep your eyes on the market to see the latest prices.