Crypto analyst Sahana Vibhute shares 4 altcoins she thinks have 100x potential. Analyst alias Rekt Capital is bullish on Ethereum. Because the analyst predicts a stable rally for the altcoin in the coming months.
Top altcoins to be the next 100x jewels
cryptocoin.comAs you follow, altcoins have been on the decline for a long time. Therefore, it gives a good buying opportunity as some are on the outskirts of a big bang. Bitcoin is regaining its dominance and approaching the 50 level. Liquidity in the market is mainly held by stellar crypto, as investors step back in to execute their BTC trades. While altcoins appear to be trading sideways with less volatility and volume, it is believed that the flow of liquidity will return to Ethereum and later altcoins as they mark new highs. Below are some of these altcoins that have the potential to become the next 100x gems.
First place Cardano (ADA) there is
Cardano is among the cryptos that are considered to be the strongest projects considering the fundamentals. It also exhibited a more diverse trend than the entire crypto space in various situations. ADA price is trying to stop the downtrend and trigger a U-shaped rebound as quickly as at the beginning of 2023. If a similar trend repeats, it’s possible for the price to start off in a healthy uptrend. Thus, it is likely to reach intermediate resistance near $0.3. Earlier, the price led a massive rise to mark new year highs above $0.44. Therefore, a similar price action is likely at the moment.
ADA Polygon (MATIC) following
Polygon is also considered a token with strong fundamentals. Also, his contribution in the field of DeFi and especially Ethereum has always kept him outstanding. The price has shown sharp strength many times since the beginning of 2023. Therefore, it is possible to fight the bearish trend and rise to the high. The price has reached the lower trendline and triggered a bounce that is believed to raise near the main resistance just below $1. Also, if MATIC price manages to break out and sustain above these levels, a notable upside is likely.
Analyst in the Arbitrum (ARB) sees potential
Arbitrum price has been trading inside a falling wedge since its inception, which is largely considered an uptrend. The price bounced off the lower support and is currently on track to test the upper resistance of the wedge. Here, if the bulls hold their strength, it is possible for the price to surpass the upper resistance. Thus, it is likely to reach the main resistance above $1.2. Otherwise, a rejection is likely to push the price down near the wedge support. It is possible that this will trigger a significant rise again soon.
Binance Coin (BNB) There is a possibility of rising
The altcoin price is standing within a decisive symmetrical triangle. It is also trading very close to the edge of consolidation. The price is currently around $240. If the altcoin continues with the same trend, it is possible to break above the intermediate resistance of $250. Otherwise, a downside break is likely to test the lower support near $230. This, too, is likely to trigger a subtle recovery. However, the RSI exhibited a divergence that was bullish. This indicates that an uptrend is possible on the horizon.
A steady rally for Ethereum (ETH)
A closely-followed crypto analyst alias Rekt Capital believes Ethereum (ETH) is poised to rise as it continues to show signs of relative strength despite the recent correction in altcoin markets. The analyst says that Ethereum managed to successfully retest the $1,719 level as support. According to Rekt, a retest of the bullishness likely indicates that ETH will rise more than 23% in the coming months. In this context, the analyst says:
ETH retest still successful. ETH is enjoying price stability at the bottom of this orange box. If ETH sticks here, it would be well positioned to follow the blue path to revisit the top of the orange box.
His chart shows that he predicts a steady Ethereum rally to $2,275 by September. While Rekt Capital is bullish on Ethereum, fellow analyst Justin Bennett says ETH is still under a lot of pressure as it continues to trade below key resistance levels. Based on this, Bennett makes the following statement:
Crypto bulls have a tough job this week. Markets like ETH seem vulnerable.
The analyst’s chart shows that ETH bulls must regain the $1,800 level to successfully clear both horizontal and diagonal resistances.
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