Cryptocurrencies Price Prediction: Avalanche, Polkadot & SafeMoon — Asian Wrap 19 May
|Avalanche price preps for a devastating decline as bears aim for pain at $12.50
Avalanche price could be setting up an explosive move to the downside aiming for targets most investors would call impossible. Avalanche price displays reasons to consider a significant macro sell-off underway. The AVAX price currently trades at $30, which is the settling price of the initial sell-off on May 9.
Polkadot price signals “weak hands holding” as bears aim for $4
Polkadot price looks weaker than most digital assets. Before opening a position, traders should consider giving the digital asset more time to consolidate or invalidate the downtrend. Invalidation of the bearish trend is a breach at $14.25.
Algorand price in bearish continuation to $0.30
Algorand price action has recovered a significant amount of last week’s losses, but the technical structure screams of a bearish continuation move. First, however, sellers need to show a clear rejection of higher prices – so far, this has not happened.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.