Avalanche (AVAX), Near Protocol (NEAR), Sei (SEI) ready to rally?

With Bitcoin (BTC) perhaps making a local bottom after the recent dump, is now a good time to start taking some positions in altcoins? Are Avalanche (AVAX), Near Protocol (NEAR), and Sei (SEI) good possibilities for decent rallies? Not likely.

Keep an eye on Bitcoin

Before taking positions in any altcoins right now it is incumbent on all traders to assess in which direction Bitcoin (BTC) is likely to go over the next day or two. At present, it looks as though the $BTC price could be recovering from its recent dip. That said, it is by no means certain that there won’t be further downside in order to shake out the longs that are betting on the recovery.

$AVAX about to roll over?

Source: TradingView

On a very uncertain trading day the $AVAX price is up around 2.4% so far. That said, it can be seen that the price has stopped short of the $36 horizontal resistance and may be about to start the next corrective impulse. To boot, the price just failed to...

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