Polkadot, Crypto.com & Avalanche — Asian Wrap 01 June

Polkadot has a double scenario-like price action that needs further investigation before forecasting a profitable trade.Traders should consider looking for more profitable opportunities. Polkadot price is portraying itself as a questionable digital asset within the crypto ecosystem.


Crypto.com shows no reason to doubt more upside. Still, an invalidation will be necessary for traders to partake in the rally. Crypto.com price shows subtle signals as the CRO price has embarked on an uptrend rally. The crypto.com price looks to retrace towards price levels established in early March.   


Avalanche price could be setting up for another move to the downside. Traders should be cautious with bullish targets amidst potential “news-related sell-offs.” Avalanche price displays a possibility to consider another downside move. The AVAX price currently trades at $26, still within range of the initial sell-off that occurred on May 9.