Ethereum

Ocean Protocol

Rekt

Avalanche

<div class="dailyhodl">
 <p>A widely followed crypto analyst says that one red-hot Ethereum (ETH) rival that’s skyrocketed over 460% in 90 days has confirmed a breakout.</p>
 <p>Pseudonymous analyst Rekt Capital tells his 378,700 followers on the social media platform X that layer-1 blockchain Avalanche (AVAX) has technically confirmed a breakout by successfully flipping its macro downtrend from resistance to support.</p>
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 <p>However, after confirming its breakout, the trader doesn’t specify what price level AVAX will ultimately reach.</p>
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 <p><em>“Avalanche has successfully retested its macro downtrend as new support. Up +36% since the retest, even more if you caught the downside wick into $32 (red). Technically, this retest has fully confirmed a breakout beyond the macro downtrend.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCMeG-QXsAAm9eX?format=jpg&amp;name=large" alt="GCMeG-QXsAAm9eX" width="1063" height="499">
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   Source: Rekt Capital/X
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 <p>Avalanche hit a low of $8.65 on October 16th but is now trading for $47.79 at time of writing, a staggering gain of about 460% during the last three months and a fractional decrease during the last day.</p>
 <p>Next up, the strategist brings up the data monetization project Ocean Protocol (OCEAN), saying that the digital asset has also successfully tested a key area as support – setting the stage up for a rally to around the $0.64 level – which he says will serve as a point of resistance.</p>
 <p><em>“OCEAN. Successfully retested the red area as support and now rallying +20%. On its way to the black resistance ahead. Following the green path perfectly.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCMba_zWsAAVM3d?format=jpg&amp;name=large" alt="GCMba_zWsAAVM3d" width="1063" height="499">
  <figcaption id="caption-attachment-190710" class="wp-caption-text">
   Source: Rekt Capital/X
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 <p>OCEAN is trading for $0.561 at time of writing, a 1.73% increase during the last 24 hours.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-competitor-that-s-exploded-over-460-in-under-three-months-has-confirmed-a-breakout-says-trader-tbt74736.html">https://thebittimes.com/ethereum-competitor-that-s-exploded-over-460-in-under-three-months-has-confirmed-a-breakout-says-trader-tbt74736.html</a></p>

Ethereum Competitor That’s Exploded Over 460% in Under Three Months Has Confirmed a Breakout, Says Trader

TheBitTimes

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