A popular crypto analyst is predicting that one Ethereum (ETH) competitor is on the verge of a massive collapse.

Pseudonymous trader Altcoin Sherpa tells his 197,900 followers on the social media platform X that Avalanche (AVAX) could decline by more than 22% from its current value.

가명 거래자 Altcoin Sherpa는 소셜 미디어 플랫폼 X의 197,900명의 팔로어에게 Avalanche(AVAX)가 현재 가치에서 22% 이상 하락할 수 있다고 말했습니다.

“AVAX: really key level for this one in my opinion. I don’t see AVAX holding it unless Bitcoin (BTC) looks better. Not saying to short, but I think this current level seems important. Expecting a bit lower personally, like $16.”

The trader’s chart suggests AVAX will pull back after crossing a key resistance level at $21.17 based on a historical pattern.

트레이더 차트에 따르면 AVAX는 역사적 패턴을 기준으로 주요 저항 수준인 $21.17을 넘은 후 하락세를 보일 것입니다.

AVAX is trading for $20.60 at time of writing, down 9.4% in the last 24 hours.

Next, the trader weighs in on Dogecoin (DOGE), and he says the memecoin is on the cusp of printing a bullish price pattern.

“DOGE: interesting moves the last few days. I think this is a key level. We’re about to see if it can make a higher high [price]. If we see that plus a higher low formed, I think we see a bullish market structure.

That said, I still don’t think DOGE is as good as it was in previous cycles due to MC (market capitalization). Would probably look for other memes down the risk curve.”

그렇긴 하지만, 나는 여전히 MC(시가총액)로 인해 DOGE가 이전 주기만큼 좋지 않다고 생각합니다. 아마도 위험 곡선 아래에서 다른 밈을 찾을 것입니다.”

Dogecoin is trading for $0.0819 at time of writing, up 6% in the last 24 hours.

Lastly, the trader says that the blockchain scaling solution Polygon (MATIC) will likely retrace to a key Fibonacci level and then bounce.

“MATIC: decent entry coming up here at $0.75 in my opinion.”

"MATIC: 제 생각에는 $0.75로 괜찮은 항목이 나올 것 같습니다."

Polygon is trading for $0.80 at time of writing, down 9.7% in the last 24 hours.