Crypto analyst David says FET has more gain potential. Analyst Ibrahim Ajibade draws a path to $50 for AVAX. Popular analyst Michaël van de Poppe expects a strong run for LINK after a pullback. Analyst Valdrin Tahiri predicts that the meme coin DOGE is ready for a short-term rally. We have compiled analysts’ predictions for these 4 altcoins for our readers.
FET price prediction: for Altcoin Is $1 on the horizon?
Fetch.ai (FET) price has increased rapidly since bouncing off a key $0.18 support zone during the week of October 16-22 (green arrow). This move moved the price into the long-term resistance zone of $0.6 in late November. After several weeks of consolidation below this resistance zone, the altcoin price finally broke above it last week. This showed that the previous upward trend continued.
Meanwhile, the weekly RSI (Relative Strength Index) has risen to the overbought territory. It also remains sloping upwards, supporting the potential for further gains. Therefore, FET price will likely continue to rise towards the next resistance zone at $1. The target price implies a 43.24% upside from the current level.
The most likely scenario shows that the FET price will continue to rise in the near future. The immediate target is $0.82. However, the gold price has a higher potential to reach $1. This bullish view will be invalidated if the price falls below the $0.6 zone on the daily time frame.
AVAX price prediction: Will it finally reach $50?
Avalanche (AVAX) price looks set to remain in an uptrend as bulls fend off market FUD surrounding the Ordinals Inscription. However, to regain $50, historical buying/selling trends suggest that the bulls must first clear the key resistance in the $43 area.
Global Out-of-the-money (GIOM) data, which groups existing AVAX holders according to entry prices, also confirms this positive outlook. The last time the altcoin price crossed $43, it shows that 370,022 current holders purchased 9.43 million coins. After being at a loss for over 1 year, Avalanche price could experience a pullback if these holders now want to take some profits. But if Oridinals continues to trigger further Avalanche fee burns, deflationary pressure could push AVAX price towards regaining $50 as predicted.
However, this positive prediction will be invalidated if the AVAX price breaks below the critical psychological resistance at $30. However, support is possible from 811,410 holders who received 211.4 million AVAX at a maximum of $37. If this support level holds, AVAX price will likely not enter a major correction in the short term. Meanwhile, overall sentiment surrounding the broader crypto market is still largely bullish. Therefore, this bearish scenario is unlikely for the altcoin in the short term.
LINK price prediction: $25 is on the horizon for the altcoin!
cryptokoin.comAs you follow from , the Chainlink (LINK) network is attracting more and more attention from institutional investors. After breaking out of a sideways consolidation in the middle of last year, LINK has been fluctuating between $14 and $16.4. According to popular crypto analyst Michaël van de Poppe, a bullish outlook prevails in altcoin technicals in the medium term.
The analyst predicts LINK will rise towards $25 in the next 3-6 months. However, he previously expects a brief decline in LINK’s price to the $11-$14 range. Meanwhile, technical indicators such as the Relative Strength Index (RSI) and the 200 Moving Average (MA) support this bullish outlook despite recent bearish trends in the broader crypto market.
DOGE price prediction: Can Meme coin regain momentum?
The daily time frame for Meme coin has a negative outlook. However, the six-hour chart shows that the price will likely retrace its decline. The main reason for this is due to price movement. Since December, DOGE price has traded within a descending parallel channel that often contains corrective moves. This means that an eventual breakout is the most likely scenario for the altcoin.
Yesterday, DOGE started an upward move after bouncing at the channel’s support trend line and the $0.087 horizontal support area (green icon). Crypto trader ChiefraT said the $0.087 area will prove to be the bottom. He also stated that a DOGE upward move will begin soon. The price is currently trading at the top of the channel. It is also approaching the resistance trend line, which coincides with the long-term resistance at $0.095 from the daily time frame. If DOGE breaks out, a 12% increase is possible. In this case, meme coin will reach the next resistance at $0.105.
Despite this bullish DOGE price prediction, a break through the $0.087 area and the channel would mean the correction would deepen. In this case, the altcoin price is likely to decline by 23% to the nearest support at $0.072.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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