Crypto analyst David predicts a potential 70 percent increase in DYDX price. The analyst nicknamed Inmortal says that the leading altcoin and a Dogecoin rival will rise strongly.
DYDX price prediction: 70% upside potential for the altcoin!
dYdX (DYDX) price bounced from the $2.30 support zone in the week from January 8 to January 14, 2024 (green arrow). This move created a higher low. It also marked a shift in sentiment from selling on rallies to buying on dips. As a matter of fact, the price continued to find buyers at higher levels. Additionally, it broke above the key $3.40 resistance zone last week. Currently, the price is in the process of confirming this area as support (yellow arrow).
Meanwhile, the weekly RSI (Relative Strength Index) has risen sharply from the 50 level. Also, the RSI is sloping upwards. This supports DYDX’s successful bounce from the $3.40 region. Therefore, it is possible for the altcoin price to rise by 74.28% to the next important resistance zone at $7.
The most likely expectation is that the DYDX price will continue to rise in the near future. The nearest target is $5.10, with a potential higher target at $7.
ETH price prediction: More profit opportunities for the leading altcoin!
The analyst, nicknamed Inmortal, shared his latest predictions with his followers on the social media platform X. The analyst says the leading altcoin price will likely rise to $4,800. This represents a gain of more than 36% for ETH from its current value. “You don’t have to be a genius to know what ETH will do next,” the analyst said. says.
Looking at its chart, the analyst suggests that ETH will likely mirror a Bitcoin price pattern. The leading cryptocurrency is back to the all-time high it hit in 2021. The analyst predicts that leading altcoin ETH will soon follow suit.
FLOKI price prediction: Boom is coming!
Inmortal then predicts that dog-themed crypto asset Floki (FLOKI) will be the best-performing meme coin this market cycle, just like Dogecoin (DOGE) was in 2021. The analyst said, “FLOKI is about to do what DOGE did in 2021. We are in meme coin season. Also, I think Floki will be the best performer.” says.
According to its chart, the analyst predicts that Floki will surpass the $0.0018 level in April. This represents a staggering 1,400% increase from the current value. Meanwhile, FLOKI was trading at $0.0001374 at the time of writing, up more than 15% in the last 24 hours.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!