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Polkadot, Bitcoin Cash, Avalanche Price Analysis: 19 November
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As Bitcoin hit the $57,000-mark, it had a domino effect on the altcoins as most cryptos suppressed. Polkadot and Bitcoin Cash were no exceptions, as they saw their weekly lows on 18 November. Their near-term technicals, however, affirm the chances of an upturn.
On the contrary, Avalanche defied the market tendencies by marking a 22.5% weekly ROI.
Polkadot (DOT)
Source: TradingView, DOT/USDT
Since late September, DOT price action undertook a steady rise as the price moved along the parallel channel (white). Accordingly, DOT witnessed a 104% rally over the next 35 days to poke its ATH at $55.09 on 4 November.
However, DOT bears retaliated as the price saw a nearly 31% correction until it touched its five-week low on 18 November. Over the past
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