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More than 25 signals released! “These 2 altcoins could be launched”

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The Tom DeMark (TD) sequential indicator, which has more than 25 signals, provides reversal signals for 2 altcoins.

According to the indicator, these 2 altcoins are ready for the return

Solana and Avalanche have reached overbought territory. Therefore, they are preparing a potentially important correction signal. Both altcoin prices are poised for brief corrections after being pushed back by critical resistance areas. SOL is up nearly 29% from last week’s low of $ 30.80 to $ 39.70. The spike allowed the SOL to test the 200-hour moving average on the six-hour chart. Although he attempted several times to break through this resistance level, it did not show sufficient strength to produce a closed candle above it.

The lack of momentum in such a major hurdle led to a 7.9% correction in the past few hours. The Tom DeMark (TD) Sequential Indicator currently offers a sell signal that points to a steeper pullback. If Solana loses the $ 36.80 level as support, a drop towards $ 35 or even $ 33.40 is possible. cryptocurrency.com You can take a look at the accurate forecast of the indicator, which we have mentioned as

The meter sets these levels for AVAX

The avalanche is gaining momentum in the same direction as Solana. AVAX has registered an uptrend of 34% since June 30th. Hence, it failed to break out of the 200-hour moving average on its six-hour chart. The rejection in the region led to increased selling pressure after TD Sequential gave a sell signal.

A close below $ 20 in the past six candlestick hours confirms the pessimistic outlook. Now, AVAX is moving towards the 50-hour moving average at $ 18. From there, it prepares to raise liquidity for a potential rebound.

Given the strength of the recent correction, they must break out of the MA lines to invalidate the bearish view. As a result, they must consistently close above their hourly moving averages of 200. If successful, SOL bets $ 43, AVAX’s first stop will be $ 24.

Solana, the ninth largest cryptocurrency by market cap, is trading at $ 38.86 at the time of writing. It has gained 17.63% since last week. Meanwhile, AVAX’s price has reached over $ 20. AVAX is the 15th largest cryptocurrency by market capitalization. It has risen 24.69% since last week, surpassing the psychological resistance of $ 20. AVAX was in the top 10 cryptocurrencies at one point last year.

Meanwhile, Bitcoin is trading above $ 21,500 all the time. The major cryptocurrency has gained over 10% since last week.

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