Crypto analyst Lockridge Okoth predicts a 20 percent rise after a bearish test. The analyst also expects an upward move for SUI. Analyst Chris Burniske says Solana is poised to reach an all-time high soon. We would compile analysts’ predictions for these 3 altcoins for our readers.
APT price prediction: Altcoin price goes to $20.40!
Aptos price faced resistance due to the 78.6% Fibonacci retracement level of $17.04. So, it is poised to make more profits. APT holders have their eyes on the high of the $20.40 range. However, this target may be delayed due to possible buyer exhaustion. We see this from the horizontal movement of the Relative Strength Index (RSI). Moreover, the decreasing dimensions of the volume indicator also emphasize this.
However, Aptos price may test the most critical Fibonacci retracement level of 61.8% at $14.40 before the next increase. A retest of this buyer squeeze level could encourage greater belief among bulls to open more buy orders, which would be presented as a safer buy. APT bulls continue to have a strong presence in the market. This increases the possibilities for further upside. Aptos price reaching the $20.40 target would mean a climb of around 20% above current levels.
However, things change if the 61.8% Fibonacci retracement gives up. If the altcoin price falls below this, it is possible that the downtrend could extend to the 50% level at $12.55. A breakout and close below this level on the weekly time frame will invalidate the bullish thesis. This would bring about 25% below current levels to the table.
SUI price prediction: It is possible for the altcoin price to record a new peak!
Sui price continues to remain above the middle line of the ascending parallel channel. Multiple technical indicators point to a bullish outlook. The Relative Strength Index (RSI) continues to record higher highs and higher lows. This points to rising momentum. The RSI is also moving above the yellow band of the signal line. The volume indicator shows a large bar. These bullish nuances are highlighted by the increasing volumes of the Awesome Oscillator (AO), strengthening the bullish thesis.
Increasing buying pressure could help the altcoin price surpass the $2.1829 resistance and post a range higher above it. In this case, it is possible for the token to potentially exceed the $2.5000 threshold. There is also strong support on the downside, as the 50-, 100- and 200-day Simple Moving Averages (SMAs) tracking the Sui price from below provide possible reversal points should SUI bulls need a refresh.
On the other hand, if selling pressure increases, the price of Sui will decrease. Thus, it will lose support due to the centerline of the channel. In this case, it would potentially extend a leg up to the confluence between the 50-day SMA and the horizontal line at $1.6964. A breakout and close below this level on the daily time frame will invalidate the bullish thesis.
SOL price prediction: It is possible to hit ATH soon, then…
Analyst Chris Burniske says Solana is poised to hit a new all-time high soon. Solana’s market cap is currently $84.53 billion. Burniske states that Solana will outperform BNB and become the third largest crypto asset excluding stablecoins. The analyst also says that the rise in crypto markets continues. However, he emphasizes that it is important to keep expectations reasonable.
For example, he states that a person who expects BTC to reach the $ 200,000 level should evaluate this situation within a logical framework. Similarly, Solana’s current price of $192 would not represent a huge increase if it were expected to reach $1,000 in the future. In this context, the analyst says:
For the most part, the largest multiples are behind us for this expansion. (…) 2.86 times BTC at $200,000 = 70,000. BTC 2022 bottom = $15,500, so we are already up 4.52 times. Ascension, but within reason. Or take SOL, currently $192. It’s up 24x from its ~$8 low in 2022. If you expect SOL to reach $1,000 (bullish forecast), then you want it to rise 5.2x from here.
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.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!