Largest by market value meme coin DOGE is one of the oldest cryptocurrencies. However, the continued weakness in general market sentiment has worn him down too. AVAX, on the other hand, started the new year with a double-digit increase after performing like a nightmare throughout last year. It seems that activity in cryptocurrencies will increase.
Avalanche (AVAX)
Performing terribly over the past year AVAX now leading the rise. There has been an interesting picture in the last few hours because major altcoins such as ADA and DOGE have also started to make gains exceeding 5 percent. Time will tell if it is a trap or if they are really coming back from the bottom. However, the double-digit rise experienced by AVAX and leading the major altcoins in the rise is not a common occurrence, so it is valuable.
AVAX, which moved sideways for days after bottoming around $11.3, is now targeting $14.8. The current price is at $13.5 and if this weather continues, there may be good movements in altcoins over the weekend. However, the risk of high volatility in both directions should not be overlooked, as the MSCI and Supreme Court tariff decision could fuel negativity as we approach the January 15 deadline.
An analyst with the pseudonym VanDerLinde shared the daily chart (below) and wrote that the target is strong resistance points after solid consolidation at the bottom. The key point for its rise is closes above $13.2 and this level has just been gained. If the rise continues, it targets $15.6 and $20.
Dogecoin (DOGE)
Dogecoin (DOGE) It continues the day at the $ 0.125 support with a 7% gain. It is one of the altcoins that rose in a short time and SHIB, ADA, DOGE, AVAX The quartet gives hope that the markets can recover on the first business day of the year. Discussing the situation of Dogecoin on the 3-day chart, Martinez expects the decline to continue in a broader context.
Writing that the downward break for DOGE has already occurred, the analyst wrote that the target is $ 0.08 unless the support zone of the channel is taken back. BTC is currently at $88,350 and ETH has not yet regained the $3,000 threshold.
