Polkadot

Avalanche

Daily

Coin

<ul class="news-points"> 
 <li>Technical indicators suggest that DOT’s price has recorded its bottom.</li> 
 <li>DOT’s price recently broke out of a bullish chart pattern that had formed on its daily chart over the past few weeks.</li> 
 <li>Meanwhile, AVAX will need to overcome an overwhelming medium-term negative trend line on its charts.</li> 
</ul> 
As the cryptocurrency community prepares for the next bull cycle, traders and investors scour the market for great opportunities to purchase their favorite cryptocurrencies at a discount. Two projects that show a substantial amount of potential are <a href="https://coinedition.com/tag/Polkadot-DOT/">Polkadot (DOT)</a> and Avalanche (AVAX) as investors seek the next Layer-1 project that could potentially surpass Ethereum. 
From a technical perspective, DOT’s bottom for this bear market may have been established given the fact that the altcoin recently broke out of a bullish chart pattern. AVAX, however, may still be at risk of its price dropping further in the coming 2 weeks as a negative trend line formed on its charts. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="1835" height="893" src="https://coinedition.com/wp-content/uploads/2023/09/dot-1-1.png" alt="" class="wp-image-336676" srcset="https://coinedition.com/wp-content/uploads/2023/09/dot-1-1.png 1835w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-300x146.png 300w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-313x152.png 313w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-380x185.png 380w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-768x374.png 768w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-1536x747.png 1536w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-696x339.png 696w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-127x62.png 127w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-159x77.png 159w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-255x124.png 255w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-795x387.png 795w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-440x214.png 440w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-414x201.png 414w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-326x159.png 326w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-377x183.png 377w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-328x160.png 328w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-144x70.png 144w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-123x60.png 123w, https://coinedition.com/wp-content/uploads/2023/09/dot-1-1-129x63.png 129w" sizes="(max-width: 1835px) 100vw, 1835px">
 <figcaption class="wp-element-caption">
 Daily chart for DOT/USDT (Source: <a href="https://www.tradingview.com/x/M1xbO3wj/" target="_blank" rel="nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
DOT’s price broke out of a bullish falling wedge pattern over the past 4 days and continued to trade above this chart pattern at press time. However, the …
The post <a rel="nofollow" href="https://coinedition.com/dot-and-avax-have-their-lows-for-this-cycle-been-established/">DOT and AVAX: Have Their Lows for This Cycle Been Established?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

DOT and AVAX: Have Their Lows for This Cycle Been Established?

Coin Edition

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