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Cosmos (ATOM) price has managed to overcome a key weekly hurdle, which suggests a shift in market structure on the higher time frame. Going forward, investors can expect ATOM to start scaling higher and revisit subsequent barriers.
Arbitrum (ARB) price continues to struggle around the $1 psychological level as capital flows to popular Layer 1 tokens. As the narrative around Layer 1 tokens exhaust, the capital is likely going to rotate to Layer 2 tokens like Arbitrum, Polygon, Optimism and so on.
Avalanche (AVAX) price shows exhaustion on both the higher and lower time frames. Investors can expect the next week to start with a correction that will be a buying opportunity before AVAX price kickstarts its next leg.
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