Ethereum rival Avalanche (AVAX) just flashed a bullish signal amidst the crypto market recovery. Check out the latest info below.
Avalanche price analysis
Popular strategist Michaël van de Poppe is analyzing some leading altcoins as the crypto market continues to range.
Starting with the native token of decentralized applications blockchain Avalanche (AVAX), Van de Poppe said that AVAX is exhibiting signs of bullish divergence on the daily chart.
The crypto strategist says AVAX could surge by over 60% from current levels.
“AVAX Potential bullish divergence here on the daily, through which continuation towards $40 area is possible with the current market. However, overall assuming we’ll go into an accumulation phase with multiple support zones beneath us.”
Chainlink price analysis
The next project that the crypto analyst checks out is Chainlink (LINK), a decentralized oracle network allowing smart contracts to access off-chain data.
Van de Poppe said that Chainlink is likely to continue the upward trend but investors will get a once-in-a-lifetime opportunity if the price goes lower.
“LINK So far, so good. Looks to me that we’re getting continuation towards $9 or $10 here. And yes, $6 is still [a once]-in-a-lifetime opportunity to buy LINK.”
Fidelity unveiled Ethereum trading
Not too long ago, we revealed important Ethereum news.
According to a new report, the Wall Street Journal says that Fidelity Digital Asset Services will be doubling its roster of crypto assets beyond that of just Bitcoin (BTC). It will reportedly make moves to include the leading smart contract platform Ethereum (ETH).
Fidelity also has plans to bring 110 tech workers into the mix. The team also plans to fill 100 customer service positions to facilitate and accommodate the subsidiary’s future growth.
Fidelity Digital Assets’ president Tom Jessop recently said that the company has a macro vision that looks beyond the crypto market’s recent downturn.
at the moment of writing this article, ETH is trading in the red and the coin is priced at $1,815.