A crypto trader closely followed by the crypto community said that a major trend change has occurred for an altcoin, with two more crypto assets forming bullish setups.
Sharing his predictions under the pseudonym Cantering Clark, the analyst told his followers on Twitter; multi-chain yield optimization platform of your eye Popsicle FinanceThe management token that powers ICEHe states that he is in.
With ICE trading well below all-time highs and showing signs of sudden strength, Cantering Clark believes a trend reversal is underway. The analyst evaluates ICE on the Wrapped Ethereum pair (ICE/WETH) to gauge the altcoin’s strength.
“Ok. This table looks pretty flashy right now.
Narrative + Big names + Trend shift”
Popsicle Finance (ICE) According to CoinGecko data, it is trading at $21.22, up nearly 50 percent in the last 24 hours.
Alongside Trader ICE, we are also closely watching SPELL, an Ethereum token that is the governance token for the Abracadabra.money platform, a borrowing protocol that allows users to obtain loans with the dollar-pegged Magic Internet Money (MIM) stablecoin using interest-bearing cryptos as collateral. following.
According to Cantering Clark, SPELL exhibits a unique change of direction relative to the rest of the crypto market.
“I’m not sure there has been a cleaner change of direction in the crypto world than SPELL.
Most alternative vendors [SPELL] The W-tip on the high timeframe occurred at just the right time, as it cooled after falling 70-80 percent from the highs. Notable players [bunda] have positions. Send it.”
Another cryptocurrency on the investor’s radar is the smart contract platform, one of the most popular Ethereum competitors. Avalanche (AVAX). According to Clark, Ethereum rival altcoin could be near all-time highs after a clean break at $120.
“AVAX is a beast.
Possible S/R (support to resistance/resistance to support) reversal occurs here at the daily pivot around $120.
Next up is ATH (all-time highs).”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.