All articles tagged with #bullish setup
Dogecoin has confirmed a double bottom breakout at $0.24, with potential to reach $0.42, supported by whale accumulation and rising social buzz, but caution is advised due to elevated MVRV and NVT ratios indicating possible resistance and overvaluation.
XRP is forming a symmetrical triangle pattern with strong buy volume suggesting a potential breakout, but declining network activity and high NVT ratios raise concerns about its fundamental value and sustainability of a rally. The outcome depends on whether on-chain metrics improve alongside price movements.
Binance Coin (BNB), Polygon (MATIC), and Avalanche (AVAX) are three cryptocurrencies with strong bullish setups that are likely to witness significant growth. BNB is forming a symmetrical triangle pattern, MATIC is in a rising channel pattern, and AVAX is forming an inverted head and shoulder pattern. If these patterns hold, BNB could reach $480, MATIC could see a potential gain of 65-70%, and AVAX could surge to $29. However, investors should do their own market research before investing in cryptocurrencies.