Crypto analyst Aaryamann Shrivastava expects a 26 percent rally for OP. Akash Girimath predicts a 50 percent rise for XRP. The analyst also predicts an explosive move for JTO. We have compiled analysts’ predictions and analyzes for these 3 altcoins for our readers.
OP price prediction: Profits are on the way for the altcoin!
Optimism price failed to clear the resistance marked at $3.99. It is now trading at $3.72. Breaking this barrier will allow OP to reclaim $4.00 as a support floor. This will allow a rise towards $4.69. Thus, it will indicate a 26% rally. Additionally, this will be a new year-to-date high.
Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are bullish for potential Optimism. Currently, both indicators are on the cusp of an uptrend that will support the expected 26% rally.
However, if OP fails to break $4.00, it is possible for the altcoin price to drop to $3.42. This is likely to push OP below $3.00, invalidating the bullish thesis.
XRP price prediction: Likely to bounce like a meme coin!
Ripple price has been in a tight consolidative range for more than 250 days. This development produced two important results. These are: A break above the descending trend line and the $0.586 resistance level turning into a support base.
Currently, ripple price continues to trend above $0.586. This points to the formation of another gap. The weekly Relative Strength Index (RSI) recovered after briefly falling below the 50 average, implying that buyers are still in control. The Awesome Oscillator (AO) is trending above the zero level. Thus, it shows that bullish momentum prevails. These technical views suggest that the altcoin price is poised for an explosive move to $0.920, which is roughly 50% away from the current level of $0.617.
All signs point to a potential bullish outlook for Ripple price. However, investors need to be cautious about the Bitcoin price. If BTC continues to fall to $59,000, there is a chance that altcoins will fall with it. In such a case, the XRP price is likely to decline by 22% to the next important support level at $0.481.
JTO price prediction: Altcoin is rising for an explosive move!
Jito price formed a round bottom between December 9, 2023 and March 16, 2024. However, the pullback that started after mid-March indicates that this round bottom may turn into a bullish formation called the cup and handle. A trend line connecting the tops of the cup and handle is crucial to tracking a breakout.
A decisive close above this resistance level predicts a 56% rally to $6.0, which is obtained by measuring the distance between the top of the cup on the right side and the bottom of the cup and adding it to the breakout point of $3.86. This move will be interesting to watch for Jito. Because it will first have to overcome the psychological levels of $4 and $5. After that, the next stop will be $6.
Although the Jito price outlook seems logical, the confirmation of the cup and handle formation is not here. The cup part of the formation has not formed yet. Beyond that, JTO needs to convert the breakout level at $3.86 to ensure confirmation. If Bitcoin price triggers a correction, the altcoin price is likely to slide lower. In such a case, if JTO makes a twelve-hour candlestick close below the $2.85 support level, it will form a lower low. This will invalidate the bullish thesis. This development could lead to a 17% decline to the next key support level at $2.85.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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