The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Top Crypto Analyst Issues Bearish Warning, Says Avalanche and One Mid-Cap Altcoin Could Crash by Over 70%

by Daily Hodl Staff
December 31, 2022
in Altcoins, Trading

A popular cryptocurrency analyst and trader is expressing a bearish outlook on two under-the-radar altcoins.

Starting with smart contract platform Avalanche (AVAX), the pseudonymous analyst and trader Capo tells his 695,000 Twitter followers that the altcoin could lose over 70% of its value as he says the present support level of around $10 appears likely to crumble.

“AVAX update:

reaching $10, which was the main target since May. As you can see, waiting is a key element if you chart high timeframe.

Now, with current data, the $10 support looks unlikely to hold. New main target: $3 – $5.”

Image
Source: Capo/Twitter

Avalanche is trading at $10.70 at time of writing and is down more than 92% from its all-time high, which it hit in November last year.

Next up is Cronos (CRO), the cryptocurrency designed to power the Crypto.com payment, trading and financial services platform.

According to Capo, Cronos does not look good from a technical perspective and could witness another massive sell-off event if it takes out the support area around $0.052.

“CRO update:

main target reached again, with a big BUT:

The moment it breaks [support], the moment it nukes (even harder). It wouldn’t surprise me to see it dumping 70% or more if this happens.

It looks bad.”

Image
Source: Capo/Twitter

Cronos is trading at $0.055 at time of writing. A 70% devaluation for CRO could take the altcoin to a fresh bear market low of $0.015.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$39,618.61
$39,618.61
0.3%
Ethereum
$2,170.63
$2,170.63
0.68%
Cardano
$0.391427
$0.391427
0.78%
XRP
$0.622175
$0.622175
0.46%
Dogecoin
$0.084799
$0.084799
1.21%

Spotlight

  • Top Trader Who Nailed 2018 Bitcoin Bottom Outlines BTC Roadmap to $60,000 – Here’s His Timeline
    November 26, 2023
  • Vivek Ramaswamy Says US Government Feels Threatened by Bitcoin, Promises To Bring Up BTC at Republican Debate
    November 26, 2023
  • Investing Legend Charlie Munger Wrong About Bitcoin, According to Pantera Capital’s Dan Morehead – Here’s Why
    November 26, 2023
  • Crypto Analyst Predicts Rallies for Two Ethereum-Based Altcoins, Updates Forecast on Bitcoin (BTC)
    November 26, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl