Known for his bear views and cryptocurrency Capo of Crypto, one of the analysts in the market, said this time in his statement: To Avalanche (AVAX) And To Polygon (MATIC) mentioned.
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.
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.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!