Cryptocurrency analyst David predicts that 2 Fan Token will increase strongly in the near future. Additionally, the analyst predicts a move of around 50 percent for an altcoin.
BAR price prediction: A very strong run is possible for the altcoin!
The price of the FC Barcelona Fan Token (BAR) has been trading in a falling wedge since December 2021. This is a bullish pattern that usually leads to a breakout in the majority of cases. As a matter of fact, the BAR price rose above this formation in the week of 11-17 March 2024. Thus, it marked the end of the formation that lasted 819 days. Such a break above a long-term pattern also indicates the end of a long-term downtrend. It also indicates that the BAR price has started a new uptrend.
The weekly RSI (Relative Strength Index) rose from oversold to overbought territory, signaling that the bulls have regained control. Additionally, transaction volume has also increased significantly in the last few months. This is a positive development as we start a new bull trend. Moreover, it often leads to strong price rallies. Another bullish signal is that BAR price broke above the important $3.2 level and confirmed it as support last week (green arrow). Therefore, it is possible for BAR to rise to the nearest horizontal resistance zone at $6.9 in the near future. A break above this zone will help the altcoin rise to the next resistance zone at $10. Reaching the target would mean an increase of 173.55% from the current price level.
JUV price prediction: $7 is the target for the altcoin!
Juventus Fan Token (JUV) price has been rising since reaching an all-time low of $1.84 in June 2023. After forming a higher low in October 2023, JUV price finally broke above the key resistance zone of $2.3-2.5 with a major bullish candle during the week of November 6-12. This is a very important development. Because it shows that the previous crash was just an aberration (green ellipse). This is usually followed by strong price rallies. In fact, bulls bought when the price dropped to the $2.3-$2.5 region throughout February and March 2024 (green arrows). This indicates a shift in sentiment from selling during rallies to buying during declines.
Additionally, this type of extended consolidation is a perfect setup for a strong rally. The weekly RSI is above 50 and has a bullish structure sloping upwards. Therefore, this shows that the bulls have regained control. Therefore, it is possible for the altcoin price to rise to the nearest horizontal resistance zone at $4.6 in the near future. A break above this zone will help JUV rise to the next resistance level at $7. The target implies an upside of 133.50% from the current price level.
ZETA price forecast: Reached optimal level: what’s the next target?
ZetaChain (ZETA) has declined after reaching an all-time high of $2.87 on February 15, 2024. This move brought the price back to the previous resistance zone at $1.8 (green arrow) on March 5 before recovering. Since then, the price has retested the $1.8 zone three times. It also consistently formed long wicks below. This is a sign of buying pressure.
The daily RSI (Relative Strength Index) has formed a bullish divergence. It is also showing a slight bullish trend, indicating that the bulls are trying to make a comeback. Therefore, it is possible for the altcoin price to rise to the nearest horizontal resistance zone at $2.24 in the coming days. A break above this zone will help ZETA rise towards the ATH resistance level at $2.87. The target would represent an upside of 50.27% from the current price.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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