- Tom DeMark Sequential shows buy signals for POL, AVAX, SHIB, and MKR.
- Polygon and Avalanche could attract bullish momentum after recent dips.
- Traders speculate if these assets have entered prime accumulation zones.
Polygon (POL), Avalanche (AVAX), Shiba Inu (SHIB), and Maker (MKR) are showing signs of life after the recent market downturn. The Tom DeMark Sequential indicator has flashed buy signals for these tokens, suggesting that they might be entering a period of accumulation. This technical pattern is often used by traders to spot potential trend reversals.
Polygon (POL) has managed to hold its own, keeping above key support levels near $0.43. Avalanche (AVAX) also took a hit, but analysts believe it could bounce back to the $38 range if buyers step in.
Shiba Inu (SHIB), the popular meme token, has been struggling with market confidence lately, but there are signs of renewed interest. Maker (MKR), a key player in decentralized finance, has also entered a potential buy zone, according to the DeMark Sequential analysis.
Bitcoin’s Dip Adds to Market Uncertainty
The recent dip in Bitcoin’s price below $100,000 has added to the market’s uncertainty. This drop was triggered by several factors, including the emergence of DeepSeek, a Chinese AI rival to ChatGPT. The crypto market, known for its sensitivity to market shifts, reacted with a risk-off sentiment.
Related: Bitcoin Price Dips Below $100K: Is This a Buying Opportunity or the Start of a Bigger Correction?
DeMark Signals Buy, But Macro Factors Cloud Outlook
While the DeMark indicator suggests potential buying opportunities, it’s important to consider the bigger picture. Macroeconomic factors, such as the upcoming FOMC meeting and regulatory decisions, could have a significant impact on price movements.
Related: Polygon Holds Steady at $0.37 But Is it Time to Worry About SAND and AAVE?
The Tom DeMark indicator has a mixed track record, with some traders finding it reliable while others remain skeptical. It’s crucial to use it in conjunction with other indicators and consider the overall market context.
The possibility of a rebound in these assets has sparked a debate among investors. Short-term traders are more inclined to jump on the buy signals, while long-term investors are taking a more cautious approach due to the current market volatility.
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