Future

Cryptocurrency

Polygon

Avalanche

Capo of Crypto, who is known for his bearish views and is one of the most influential analysts in the cryptocurrency market, mentioned Avalanche (AVAX) and Polygon (MATIC) in his statement. 
The analyst claimed that AVAX has reached the main resistance point after its impressive 18% rise today. According to the analyst, the main resistance point is between $50 and $55, and at the time of writing, AVAX price is trading at $56.49. 
The analyst claimed that he expected a big decline from this stage and that the AVAX price could drop to $24. 
However, the analyst, who has long been known for his bearish views, is now being urged to admit that he was wrong as BTC rose to its all-time high price level, but the analyst seems to continue his bearish views. In his recent statement, il Capo said that he was entirely in cash and did not have a short or long position on any cryptocurrency. 
Related News: <a href="https://en.bitcoinsistemi.com/hours-left-for-the-big-day-in-ethereum-heres-all-you-need-to-know-and-what-to-expect/" target="_blank" rel="dofollow">Hours Left for the Big Day in Ethereum! Here's All You Need to Know and What to Expect!</a> 
Similarly, speaking about the MATIC price, il Capo said that MATIC has reached its main resistance at $1.25. At the time of writing, MATIC price is trading at $1.17, following today's 4% decline. 
According to the analyst, the next stop for the MATIC price may be the $1.01 level in the future. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/legendary-analyst-il-capo-shares-predictions-for-the-future-of-avalanche-avax-and-polygon-matic-price/">Legendary Analyst il Capo Shares Predictions for the Future of Avalanche (AVAX) and Polygon (MATIC) Price</a>

Legendary Analyst il Capo Shares Predictions for the Future of Avalanche (AVAX) and Polygon (MATIC) Price

Bitcoin Sistemi EN

在 2024年3月12日發表的其他文章

What is Yield Guild Games?

Michael Saylor buys Bitcoin again: How will this help BTC?

Monad Labs reportedly in talks with Paradigm to raise $200m for ‘Ethereum killer’

EigenLayer Overtakes Aave In TVL Rankings; Ethereum Inches Closer to ATH; NuggetRush Enters Launc...

JP Morgan CEO Talked About Bitcoin Again! FED Announces Its New Forecast for Interest Rate Cuts!

Is The Tesla-Bitcoin Bromance Over? Morgan Stanley Analyst Sees Correlation Plummeting After EV G...

訂閱免費電子報，每天收取加密貨幣最新動態！