Crypto analyst David predicts that fan token PSG will make a move of nearly 100 percent. The analyst is also bullish for STG. The analyst nicknamed Inmortal expects strong increases from the leading altcoin and its rival Solana. Cardano bull Dan Gambardello predicts that ADA will explode.
PSG price prediction: 100% increase possible for this altcoin in March!
The price of the Paris Saint-Germain Fan Token (PSG) has been trading in a long-term falling wedge since July 2022. This is a bullish pattern that leads to a breakout in most cases. As a matter of fact, PSG price broke above the wedge and started to rise in the last 3 weeks.
Meanwhile, the weekly RSI (Relative Strength Index) has risen above the 50 level. Also, the RSI has trended upwards. Thus, it formed a bullish divergence indicating that the bulls were regaining control. It is noteworthy that the weekly RSI rose above the 50 level for the first time since October 2021. This makes it a very bullish signal. Therefore, there is a 94.42% chance of the altcoin price rising to the key $7.6 resistance area, which consists of a horizontal resistance area and the 0.618 Fib retracement level of the previous decline.
The most likely scenario shows that the PSG price will continue to rise in the near future. The nearest target for the altcoin is $4.4. Moreover, it could potentially rise further towards $7.6. However, the bullish view will be invalidated if PSG price falls below the $3.6 area on the daily time frame.
STG price prediction: Altcoin is preparing for a run!
The monthly chart reveals that Stargate Finance (STG) price has been trading in a range of $0.38 to $1.20 since May 2022. The price confirmed the validity of this range by testing the support and resistance several times. After forming a morning star pattern in November 2023 (red ellipse), STG price formed a bullish engulfing pattern in February 2024 (green ellipse). Both are bullish patterns. But they carry different implications.
While the morning star pattern signals the end of a bear trend, the bullish engulfing pattern indicates that the bullish side has completely taken control of the market. These formations are more important when they occur on a monthly time frame. In particular, as the price has increased in the last four months, the transaction volume has also increased, which is another bullish signal. Therefore, it is possible that STG price will continue to rise towards the upper end of the range at $1.20. This figure represents an increase of 66.92% from the current price.
Analyst expects strong run from leading altcoin and its rival
The popular analyst, nicknamed Inmortal, says the new price target for Solana is $600. He also predicts that Bitcoin will reach $120,000 and Ethereum will reach $10,000. In this context, the analyst makes the following statement:
BTC: $61,940 —> 120,000 = 94%
ETH: $3,420 —> $10,000 = 192%
LEFT: $132 —> $600 = 355%
Cardano bull predicts a boom for ADA
Leading pro-Cardano analyst Dan Gambardello argues that ADA’s ultimate signal has been activated to launch a rocket to an unprecedented height. Gambardello made this bold statement in a recent analysis of the Cardano market chart. He also noted that the asset has formed a pattern reminiscent of the pre-bull run pattern in 2020.
ADA has moved from $0.6641 to a high of $0.761 in the last 24 hours. This trend reflects a gain of 14.59% as market participants exchanged over $1,318,677,166 in ADA in the last 24 hours. Moreover, this gain pushed Cardano’s one-week performance to a significant 25% growth from $0.5854. Amidst this commendable performance, Gambardello suggests that ADA will rise to an all-time high.
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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