Altcoin
Analysts Predict Rally for These 3 Altcoin Projects: Targets Seen!
Cryptocurrency analyst Javon predicts a 138 percent rally for ENS. Analyst Victor Olanrewaju points to higher levels for Wife. Cryptocurrency analyst Abiodun Oladokun expects a rally from FTM. We have compiled these 3 altcoin price predictions from analysts for our readers.
ENS Price Prediction: Is a 138% rally on the horizon for the altcoin?
Ethereum Naming Service (ENS) is currently trading at a level last seen in January 2022. In a recent forecast, cryptocurrency analyst Javon said that the altcoin could soon witness a 138% rally towards the $76.12 price target.
ENS Price Forecast. Source: Javon
However, this will only happen if the altcoin price stays above the breakout level without dropping below it. This would indicate strong support from ENS bulls and signal the possibility of a continued price rally. Meanwhile, if the current uptrend holds, the next price point of ENS is $34.64. If the altcoin sees a decline in market activity, this bullish prediction will be invalidated and its price will enter a downtrend towards $30.94.
WIF Price Prediction: Will Holders Make More Profits?
The daily chart shows that the exhaustion of sellers on June 23 was crucial for dogwife hat (WIF) to bounce. During this period, the price was trading at $1.56. Later, the bulls recognized their fatigue and helped memecoin create a near-perfect daily green candle. Currently, the $1.56 zone is the support. Besides, WIF is trying to break out of the resistance at $2.30. If it succeeds, the altcoin price could rise to $2.64. Once that happens, a rally towards $3.21 is possible. Meanwhile, the Relative Strength Index (RSI) is 51.45, which means that the meme coin’s momentum maintains its bullish position. Likewise, the Moving Average Convergence Divergence (MACD) is moving in a similar direction.
The MACD shows whether a trend is bullish or bearish using the difference between the 12 and 26 EMAs. Since the reading is positive, it means that the trend of WIF is bullish. If it continues, this could confirm that the upward movement of WIF is continuing. However, if Bitcoin does not continue its recent bullish trend, Wife may not reach the prices mentioned above. This is largely due to the meme coin’s strong correlation with BTC. In that case, the altcoin’s price could drop to as low as $1.96.
FTM Price Prediction: Buyers Support Altcoin Price Rally!
Cryptocurrency price action readings on a daily chart confirm the bullish trend towards Ghost (FTM). The Moving Average Convergence Divergence (MACD) initiated a bullish crossover on June 24th and buyers have been in control ever since. This indicator tracks the price momentum of an asset and identifies potential trend reversals. A bullish crossover occurs when the MACD line (blue) crosses the signal (orange) in an uptrend.
It is considered bullish when the MACD line moves above the signal line. Traders see this as an opportunity to enter long positions in anticipation of further price increases. If the FTM Buying pressure continues, the altcoin price could rise to $0.60.
However, if the FTM The hypers start selling more due to the high profits they make from day trading, which could put downward pressure on the price, pushing it down to $0.58.
The opinions and forecasts contained in the article are those of the analysts and do not constitute investment advice. Kriptokoin.comWe strongly advise you to do your own research before investing.
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