Avalanche (AVAX) and Polkadot (DOT) Price Prediction: Are They Past Their Prime or Ready to Rebound in Altcoin Season?

Investors are keen to know if Avalanche (AVAX) and Polkadot (DOT) can bounce back during the upcoming altcoin season. Both coins have seen their ups and downs. This article delves into whether these digital assets are poised for a resurgence or if their best days are behind them.

Avalanche Shows Significant Declines and Key Trading Levels

Avalanche dropped 21.81% over the last month and dipped 5.06% in the past six months. A weekly decline of 8.10% has contributed to notable volatility. Price movements have been sharp yet contained, reflecting a market reaction that leans toward caution rather than aggressive selloffs.

Current trading occurs between $16.74 and $31.56, with resistance at $40.73 and $55.55 and support at $11.10. Indicator values such as an Awesome Oscillator of -2.952, Momentum of -1.225, and RSI at 39.03 point to bearish pressure. Traders might look to trade within these levels while watching for a potential breakout or reversal.

Polkadot's Mixed Trend: Short-Term Pullbacks Amid Long-Term Gains

Trading over the past month saw a mild decline of around 3%, while the last six months showed a gain of approximately 12%. Price action has been volatile, with week-to-week drops nearing 7%, indicating cautious sentiment among traders. Although bulls exerted some upward pressure over the longer term, the short-term charts indicate a clear pullback phase that has persisted recently.

Current trading levels range from about $3.52 to $6.21. A primary resistance near $7.69 and secondary resistance at $10.38 provide clear targets, while support around $2.31 serves as a key boundary. Bearish indicators slightly outweigh bullish ones, suggesting traders should monitor for signs of a reversal above resistance levels and consider cautious long positions if prices remain steady above support.

Conclusion

While AVAX and DOT may have had their ups and downs, they still hold potential. Both coins have strong fundamentals and dedicated communities. Their recent price movements suggest possible rebounds as the market evolves. As altcoin season approaches, these assets could see renewed interest and growth.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.