Cryptocurrency traders and analysts suggest that tokens belonging to big chain ecosystems, such as Avalanche (Avax), Solana (SOL), Polkadot (DOT), and Arbitrum (ARB), might experience an increase of up to 10X if the depression phase of the market is validated. According to the Psychology of a market cheat sheet, the optimal timing for traders to buy cryptocurrencies is during the market's Hope phase, followed by Optimism, Belief, and lastly Euphoria. The chart for Polkadot suggests it is currently in the depression phase, with a high chance that it will reach the $10 resistance level, and, if those predictions are validated, it could potentially climb up to $46.5. Meanwhile, a conventional breakout has the potential to bring DOT up close to the $7 mark. It's advised that investors conduct proper research and due diligence before making any decisions.
Nicholas Howard
- 2023-10-02
Could Crypto Tokens Increase 10X During Market Depression?
Cryptocurrency traders and analysts suggest that tokens belonging to big chain ecosystems, such as Avalanche (Avax), Solana (SOL), Polkadot (DOT), and Arbitrum (ARB), might experience an increase of up to 10X if the depression phase of the market is validated.
