Crypto strategist Jason Pizzino said he is watching Polkadot (DOT), Avalanche (AVAX) and two other crypto assets closely as the altcoin market continues to show signs of strength.
In one Video Newly, Pizzino told its 210,000 YouTube subscribers that it expects Polkadot’s interoperable blockchain to continue growing to around $ 50 after a period of consolidation.
“One, DOT will rally and go up or two, back” [$ 28], consolidate and then increase. These are the options I am looking for to get positive results in DOT trading. “
DOT / USDT daily chart | Source: Jason Pizzino
Looking at the Avalanche smart contract platform, Pizzino said he is waiting for AVAX to consolidate before starting the next leg of the rally.
“If AVAX corrects to $ 45, it means it will take more time to consolidate before starting again. Buy when the price breaks out. The next rally could bring it at an incredible price. “
AVAX / USDT daily chart | Source: Jason Pizzino
Next up is Cosmos (ATOM), a cryptocurrency that powers the blockchain ecosystem, designed to scale and interact with each other. According to the analyst, he wants ATOM to trade between $ 30 and $ 37 before adding any further upward momentum.
“It’s great that ATOM is merging here. A rest period before you continue to explode. That’s exactly what I wanted to see. “
ATOM / USDT daily chart | Source: Jason Pizzino
The last coin on the analyst’s radar is the decentralized exchange SushiSwap (SUSHI). Pizzino says SUSHI needs to stay above key levels to maintain its uptrend.
“This is a reasonable setup as long as the price holds that level. Of course, I don’t want to see it below $ 12, and worst of all, the critical level at $ 9.50 … If that level is broken, the trend will be seen as declining. “
Daily SUSHI / USDT Chart | Source: Jason Pizzino
Here you can see the altcoin prices.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to Dailyhodl