Avalanche, Ethereum & Hedera Asian Wrap 01 December

Avalanche price may be setting up for one more decline targeting the halfway point of the 2020-2021 bull run. Despite this fact, the bulls are showing efforts to refute the bearish stronghold. The $14 price zone is crucial for defining the next directional rally.

Ethereum will soon end the very testnet that began the journey of transition from Proof-of-Work (POW) to Proof-of-Stake (POS). However, at the same time, Ethereum’s reach is expanding to a wider user base as well. These developments could neutralize the impact on Ethereum price, which is looking to achieve a recovery.

Hedera Hashgraph price rose by 18% after establishing new yearly lows earlier in the month.  A bullish shooting star pattern occurred on the weekly time frame, which projects HBAR rising another 8% to 12%. A breach below $0.047 would invalidate the bulls’ potential to tackle the mid $0.05 zone.