Avalanche, Polkadot & SafeMoon — Asian Wrap 19 May

Avalanche price could be setting up an explosive move to the downside aiming for targets most investors would call impossible. Avalanche price displays reasons to consider a significant macro sell-off underway. The AVAX price currently trades at $30, which is the settling price of the initial sell-off on May 9.


Polkadot price looks weaker than most digital assets. Before opening a position, traders should consider giving the digital asset more time to consolidate or invalidate the downtrend. Invalidation of the bearish trend is a breach at $14.25.


Algorand price action has recovered a significant amount of last week’s losses, but the technical structure screams of a bearish continuation move. First, however, sellers need to show a clear rejection of higher prices – so far, this has not happened.