Crypto
AVAX Leads Altcoin Portfolio to 68% Gain Over Two Months
Michaël van de Poppe's altcoin portfolio has seen significant gains over the past two months, propelled by the performance of AVAX and NEAR. The portfolio's value has increased by 68% during this time.
The price action in AVAX is currently testing the upper Bollinger resistance at $10.31, with an RSI(14) reading of 76.85 indicating overbought conditions. This suggests a potential retracement towards the 50-EMA support at $8.17 before further continuation.
The bullish structure above the 200-EMA at $7.49 is reinforced by a MACD golden cross, which adds to the overall positive outlook for AVAX and NEAR.