After a surprising Trump win, the crypto landscape is buzzing, with whales eyeing a new altcoin while AVAX and POL prices fluctuate. The sudden political shift has sparked interest in assets that might thrive amid potential economic changes, pushing AVAX price discussions to the forefront. While AVAX and POL both show signs of movement, this new altcoin is making headlines as it gains traction among major investors. This article explores what’s driving these shifts and why this emerging altcoin is capturing whale attention.
AVAX price primed for takeoff as whales and election buzz fuel bullish momentum
As U.S. voters dissect the results of the 2024 presidential election, the crypto market is witnessing renewed bullish sentiment, with Avalanche emerging as a standout performer. Market analyst Fabioviriba has highlighted Avalanche’s current price action as closely mirroring its monumental 2021 rally. This price trajectory shows three critical phases: an accumulation period, a corrective dip, and a potential rally phase. The analysis suggests that, with favorable conditions, the AVAX price could see a powerful surge in the coming months.
In 2021, the AVAX price rocketed from $3 to $147, recording a remarkable 4,800% growth. The analyst predicts a similar setup may be underway, projecting that the AVAX price could reach as high as $347 if current patterns hold. The market’s enthusiasm about the election and its ability to propel more general crypto usage fuels this optimistic view even further.
The development of a classic inverted head-and-shoulders pattern, a bullish reversal signal indicating Avalanche is ready for upward momentum, further underlines this trend. This technical setup underscores the optimism among investors, who believe the current consolidation phase may soon break, initiating a new rally cycle.
Whale activity in AVAX has recently spiked, suggesting increased interest from large holders. According to Intotheblock data, AVAX transactions peaked at nearly 1,000 transfers over $100,000, highlighting increased interest from large holders and signaling bullish momentum in the Avalanche market.
Polygon’s rollercoaster month: will POL bounce back?
The price of Polygon (POL) has dropped significantly over the previous month, starting the period at about $0.60 and progressively dropping to a low of around $0.30. The chart shows a steep initial decline, suggesting strong selling pressure or possibly a market correction that has affected POL’s valuation. This sharp decrease could indicate a loss of investor confidence, perhaps due to macroeconomic factors or competition within the blockchain ecosystem.
POL has made several fleeting efforts at recovery during the month, with little peaks, but they have not been sustained. The price has stayed at $0.30 near the conclusion of the term while the declining trend has persisted. Despite the bearish sentiment, the recent 9.4% increase at the close suggests a potential for stabilization or a reversal. However, investors may remain cautious until POL breaks key resistance levels.
Lunex: the new altcoin that’s catching whales—and could catch you too
You might want to check out the new altcoin, Lunex! It’s making waves in presale stage 5, where you can grab tokens at just $0.002. Over 1.4 billion tokens have already been scooped up, raising more than $2 million. Lunex’s standout feature? The Lunex Bridge—it lets you move value and data across different blockchains securely, opening up new possibilities for your investments.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.comSocials: https://linktr.ee/lunexnetwork
