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Attention Traders! These Two Ethereum-Killers Poised to Break Out This Week

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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May 16, 2022

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The markets appear to have been trying very hard to be stabilized at the earliest as the LUNA foundation FUD appears to have eased out. And hence, the crypto space is expected to recover slowly yet steadily. As LFG released a statement documenting its actual holdings, the markets witnessed a sign of relief. Therefore as a popular analyst said, the markets may go back to neutral soon. 

On the other hand, two popular Ethereum-killers are all set to explode massively in the upcoming days. However, yet another popular analyst says that he keeps a close watch on these tokens as they are poised to break out this week. 

“Now we have all-time high selling (per FTX) into the lows with some other interesting signs, I feel like this week we get some good rallies. Will be looking to bid on AVAX if the opportunity presents itself. It showed me exactly what I wanted to see off the lows here” 

The analyst believes the smart contract platforms Avalanche(AVAX) & Solana (SOL) are gearing up as they are attempting for a strong rebound, hitting the crucial support areas. At the time of writing, Solana’s (SOL) price has ignited a recovery by surging by 0.92% as it hovers around $53.22. On the other hand, Avalanche’s (AVAX) price is still under bearish pressure as it hovers at $32.91 with a drop of 3.39% compared to the previous day’s trade. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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