A widely followed analyst is leaning bullish on layer-1 blockchain Avalanche (AVAX) while offering his forecast for the flagship memecoin Dogecoin (DOGE) and interoperable chain Polkadot (DOT).

The analyst pseudonymously known as Rekt Capital tells his 518,000 followers on the social media platform X that Avalanche witnessed a strong November.

“Avalanche performed a historically bullish monthly close above the light blue level of $38.57.

Any dips [below $38.57] in the future would be a retest attempt, in a very similar fashion to the retests from Sept 2021 and March 2024 (green/orange circles).”

Based on the trader’s chart, he seems to suggest that AVAX tends to rally after retesting $38.57 as support.

Avalanche is trading at $51.14 at time of writing, up over 12% in the past day.

Next up is Polkadot. The widely followed analyst says the 17th-largest crypto asset by market cap also recorded a “bullish monthly close” to reach a level last witnessed in April.

“DOT is also showing very early signs of retesting this level [at around $8.61] into new support.

DOT needs to continue doing this to enable further upside.

Price stability at $8.61 = crucial.”

Polkadot is trading at $10.24 at time of writing, up nearly 7% in the last 24 hours.

As for Dogecoin, Rekt Capital notes the flagship memecoin has broken out from the upper boundary of an ascending triangle pattern that had formed on the daily time frame. In technical analysis, an ascending triangle breakout is considered bullish.

“Any dips into the top of the pattern [at around the $0.43 level], if needed, would constitute a post-breakout retest to confirm the breakout.”

Dogecoin is trading at $0.421.

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A crypto strategist known as a “Master Trader” on the digital asset exchange Bybit believes three altcoins are gearing up for more rallies.

Pseudonymous analyst Bluntz tells his 299,900 followers on the social media platform X that Dogecoin (DOGE) looks poised to witness fresh bursts to the upside after respecting support at around $0.36.

“You didn’t get bored of DOGE and leave to go chase the newest shiny thing did you?

Things are about to get fun again, in my opinion.”

At time of writing, DOGE is trading for $0.432, a 3.45% increase in the past 24 hours.

Turning to fellow memecoin Pepe (PEPE), Bluntz believes that the altcoin is back to bullish mode after breaching its diagonal resistance.

“PEPE downtrend memeline officially broken.”

At time of writing, PEPE is worth $0.0000209, a 2.7% surge in the past day.

As for the native asset of the Solana (SOL)-based decentralized exchange (DEX) aggregator Jupiter (JUP), the crypto strategist thinks the altcoin is primed to move higher after shattering a diagonal resistance.

“JUP breaking out, the Santa rally is gonna be lit this year.”

At time of writing, JUP is trading at $1.14, a marginal decrease in the last 24 hours.

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A closely followed crypto analyst says one catalyst could send the altcoin market soaring for months.

The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that if Ethereum (ETH) breaks through a key resistance level “the next few months are going to be life-changing.”

“Breaking out would enable a massive influx of money flow into smaller altcoins. And Ethereum breaking out to new all-time highs would be a major catalyst on a technical side in making all these other altcoins rally quite substantially.”

According to the trader, ETH needs to break through $4,000 to ignite massive altcoin rallies.

“It’s weekly closes and successful retests [at the $4,000 level] that have enabled moves to essentially new all-time highs. So $4,500 would occur once we actually managed a weekly close inside here and retest this [$4,000 level] as support. That would enable a revisit of old all-time highs, and probably upon breaking $4,500, rally into essentially new all-time highs and price discovery.”

Ethereum is trading for $3,595 at time of writing.

He also shares an OTHERS chart, which depicts the total crypto market cap excluding the top ten coins to gauge altcoin market strength, and suggests that alts may surge like they did in 2021.

“Now we’re seeing a weekly close and retest here, and a successful retest here would enable upside from $315 billion to $425 billion…

When we weekly closed and retested this region [in 2021], we saw expansion in altcoin market cap to new all-time highs, essentially…

If we’re able to hold here for a few weeks, that would enable a move into $425 billion.”

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