According to crypto analyst David, AAVE is poised to make a strong move. Analyst Akash Girimath says APE offers a buying opportunity before a 65 per cent rally. Additionally, the analyst expects a run from PYTH. Finally, analyst Ali Martinez states that FTM is ready for a 45 percent rally. However, the analyst states that this run for the altcoin is subject to a condition.
AAVE price prediction: $153 is the target for the altcoin!
Aave (AAVE) price has been trading within a symmetrical triangle since May 2022. This is a neutral formation. Therefore, when the price breaks out of this formation, it will confirm the future trend. After bouncing up from channel support in early September 2023 (green arrow), the price moved above the triangle in the week of October 16-22. This confirmed that the trend was upward.
Indeed, this momentum helped the price climb above the horizontal resistance zone at $86 the following week. It also indicated strong buying pressure at higher levels. The target for this formation is $153, calculated by measuring the height of the formation and adding it to the breakout point. The target represents an increase of approximately 50% for AAVE. Meanwhile, the weekly RSI (Relative Strength Index) is above 50 and bullish. This supports the continuation of the upward trend towards the formation target.
The most likely scenario shows that the AAVE price will continue to rise in the near future. In this scenario, the potential target for the altcoin is $153. This view will be invalidated if AAVE price breaks below the recent low of $87.35.
APE price prediction: ApeCoin A run of 65% is possible for
ApeCoin (APE) price has been struggling to overcome the $1.73 barrier for nearly three weeks. This level is the midpoint of the $0.953 to $2.12 range formed in mid-August. As Bitcoin price moves sideways, altcoins have a chance to trigger a bullish breakout. If ApeCoin price can clear the $1.73 barrier into the support base, it could rise 22% to $2.12. Increasing buying pressure at this point would likely catalyze a breakout from the range-bound move. Thus, it is possible to extend the uptrend by another 37%.
Meanwhile, the Relative Strength Index (RSI) for ApeCoin is approaching the mid-point of 50. This shows that the bullish momentum has cooled and there is a chance to rebound from here. It is possible to see the same situation in Awesome Oscillator (AO).
However, if the altcoin price fails to achieve a decisive flip of the $1.73 support level, it could slide lower and tag the $1.60 support level. Breaking this level on the four-hour time frame will create a lower bottom. This will invalidate the bullish thesis. In such a case, ApeCoin price is likely to revisit the $1.34 low range. This means a decrease of 16%.
PYTH price prediction: ATH for altcoin is possible but…
Pyth Network price reached a local peak on December 7 at $0.522. The altcoin has since lost nearly 30% of its value, forming a local bottom at $0.371. Thus, PYTH fell below the $0.380 support level. However, his recovery now faces a difficult decision. A rapid increase in buying pressure will do two things. The first is a break above the descending trend line connecting the highest levels since December 8. The second is a change in the market structure in favor of the bulls. While this is promising for bulls, only a 10% upside is likely in the short term as PYTH will face a significant hurdle at $0.426.
A four-hour decisive candlestick closing above $0.426 and turning into a support level would allow Pyth Network price to rise another 22% and surpass the $0.520 barrier. In total, this move represents a 35% gain from the current price level of $0.385. It is unclear whether the altcoin price will be able to overcome this level given the current market conditions. But if it surpasses, it would allow PYTH to overcome the current all-time high of $0.557 and create a new one.
The bullish outlook for PYTH price makes sense. However, this depends on buyers defending the $0.380 support level. A breakdown of this barrier followed by a four-hour candlestick close turning $0.356 into a resistance level would invalidate the bullish thesis. In such a case, it is possible for the altcoin price to revisit the $0.290 support level. This means an 18% decrease for PYTH.
FTM price prediction: It has its sights set on $0.65, but on one condition!
According to analyst Ali Martinez, Fantom (FTM) has reached another resistance near $0.46. In particular, breaking the psychological resistance of $0.40 was one of FTM’s recent important turning points. This breakout resulted in an increase of 22.62% in the last 30 days.
According to Martinez, FTM has the potential to rise again and jump to $0.65. However, the analyst states that the token should exceed $0.46. The $0.46 level has become a very important area. Because at this point, 1,430 addresses have accumulated 657.60 million tokens. The analyst shared the following prediction for the altcoin:
Phantom has reached a significant resistance zone. There are 657.60 million FTMs accumulated between $0.46 and $0.46 in more than 1,430 addresses. For a bullish bounce, FTM needs to overcome this zone decisively. If successful, we could see a 45% rally targeting $0.65.
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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