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What happened? Cryptocurrency analyst Michael van de Poppe shared predictions regarding the price movement of the four altcoins on his Twitter. He notes the fluctuation of the crypto market and talks in detail about Avalanche (AVAX), Chainlink (LINK) and Cardano (ADA).
Avalanche. The analyst says that the token of the decentralized platform Avalanche (AVAX) shows signs of bullish divergence on the daily chart. In his opinion, the altcoin rate may grow by more than 60% from the current level. On June 3, 12:10 Moscow time, AVAX is trading at $ 23.92, according to Binance.
Bullish divergence is a situation in which a new dip forms on the price chart of an asset, while no update occurs on the indicator chart. It may indicate a change in trend from bearish to bullish.
Chainlink. Van de Poppe believes that the altcoin of the decentralized network of oracles Chainlink (LINK) is likely to continue the upward trend. For investors, the $6 price tag “is still a unique opportunity to buy LINK,” the analyst added. At 12:10 p.m., LINK is trading at $6.89.
Cardano. Van de Poppe stated that the potential opportunities for entering the market for the cardano blockchain cryptocurrency (ADA) lie between $0.51 and $0.55. According to the analyst, the altcoin can be expected to rebound to $ 0.67. At 12:10 p.m., the ADA is trading at $0.57.
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