Solana Rivals Near Protocol (NEAR) and Avalanche (AVAX) With Another Week Of Losses; Rollblock Offering Refuge As New High Imminent
The post Solana Rivals Near Protocol (NEAR) and Avalanche (AVAX) With Another Week Of Losses; Rollblock Offering Refuge As New High Imminent appeared on BitcoinEthereumNews.com.
It’s been another tough week to be a crypto investor. The Avalanche and Near Protocol prices have both lost significant value, causing some holders to lose thousands of dollars in investments. While these prominent projects struggle to regain their momentum, in the background, a new player, Rollblock, is increasingly coming into the spotlight as a potential flight to safety. With this utility token, a promising infrastructure, and innovative applications, Rollblock seems poised to reach new heights. The Near Protocol price continues to drop despite being a project with strong fundamentals Near Protocol (NEAR) has been through a challenging period, with the Near Protocol price dropping significantly. NEAR’s technological advancements have been impressive so far; for instance, it recently integrated with Bitcoin via the Bitcoin Light Client. Although earlier this month, the Near Protocol price rallied significantly thanks to its Bitcoin integration announcement, it is currently struggling to hold $5. Analysts suggest that support around $4 could strengthen the Near Protocol price further, but a recovery in the following weeks will depend on breaking resistance at $5.00. Further pressure on Avalanche despite bullish technical indicators The recent bearish trend has seen Avalanche (AVAX) continue to experience downward pressure over recent periods without being able to mount any significant recovery. Although there are bullish signals — such as a potential breakout above $25 in upcoming weeks — AVAX remains stuck below $21, failing to bring anticipated upward momentum into play. However, all hope may not be lost entirely when considering future prospects surrounding AVAX; historical patterns combined with some detailed TA work out possible scenarios that might see prices rebounding back toward $100. Rollblock is a new utility token with multiple uses In the wake of the losses suffered by NEAR and AVAX, Rollblock has emerged from the spotlight as an increasingly…
Filed under: News - @ August 20, 2024 7:20 am