Crypto analyst Altcoin Sherpa is providing insight on Bitcoin (BTC), Avalanche (AVAX) and Fantom (FTM). With BTC being paused out of the $25K level, the analyst suggests the bulls wait for a dip below $24K. For AVAX, Sherpa believes the breakthrough of the 200-day EMA resistance at $22 could lead a new trading range with a high of $30. As for FTM, the analyst's chart indicates that a fresh rally may be on the cards in the next resistance level at $0.60.

As a Bitcoin bull, Sherpa suggests waiting for the dip for possible entry. BTC is currently trading for $28,571, sideways for the week. AVAX is valued at $17.22, still off of the 200-day EMA resistance. While the relative Ethereum rival up until now hasn't broken through the resistance, the indications are strong that the protocol will break through soon unless BTC brings the entire crypto market down significantly.

FTM is one of the best performing coins in 2021 so far, with 135% gains in the year. With strong indications of a possible rally, FTM is presently trading at $0.43 and could be ready to break through the $0.60 resistance. However, in the event of overall crypto market downturn, FTM could come down with the rest of the coins.

Altcoin Sherpa's analysis for the three coins looks valid and could play out in the near future. As Bitcoin has been deemed the 'king of crypto', its performance could be the biggest deciding factor in the three coins' success. Therefore, it's wise to keep an eye on BTC and the entire crypto market before making a decision to enter on any of the three coins. If the market starts rebounding, it could be time to enter with FTM, AVAX and BTC.



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