Crypto analyst David predicts a rise of around 35 percent in LINK price. The analyst also expects a strong upside for RNDR. Popular analyst Ali Martinez, on the other hand, predicts a boom in leading altcoin rival Cardano’s ADA.
LINK price prediction: Altcoin price bounces from previous key resistance!
Chainlink (LINK) price broke the long-term resistance zone at $18. Additionally, last week confirmed it as support (green arrow). The bounce created a bullish engulfing formation. This is a bullish signal indicating that the bulls are buying aggressively on small dips.
Meanwhile, the weekly RSI (Relative Strength Index) confirmed the previous bearish divergence line as support. It is also trending upwards, supporting the potential for further gains for LINK. Therefore, the altcoin price could potentially rise towards the next important horizontal resistance at $28. This target corresponds to an increase of 35.61% from the current price.
The most likely expectation is that the LINK price will continue to rise in the coming days. The nearest target is $22.6, with $28 on the upside. This bullish view will be invalidated if LINK price declines and closes below the $18 zone on the weekly timeframe.
RDNT price prediction: Where is the next target?
Radiant Capital (RDNT) price broke above the key resistance zone of $0.34 during the week of February 19-25, 2024. The breakout occurred with a large bullish candlestick and high trading volume. This confirmed the validity of the break. Last week, the price bounced back to confirm this area as support (green arrow) and formed a bullish Pinbar candle. This move indicates the end of the bear trend since April 2023. It also indicates that RDNT is in a new bull trend.
Meanwhile, the weekly RSI for RDNT is approaching the overbought zone and is trending upward. This signals that the bulls are in control of the market. Therefore, the altcoin price is likely to continue rising towards the $0.49 resistance zone in the coming weeks. If it conquers this zone, it is possible for it to rise to the next resistance level at $0.68. This target coincides with the 1.618 outer Fib retracement level of the previous decline.
The most likely expectations indicate that the RDNT price will continue to rise in the near future. The nearest target is $0.43, and further upside there are $0.49 and $0.68.
ADA price prediction: Will the altcoin go parabolic?
The total capitalization of the cryptocurrency market has revisited the $2.5 trillion level, which has remained untouched since 2021. Cardano (ADA) is still lagging behind in terms of performance as it reflects the beginning of a parabolic move towards $10. In this context, crypto analyst Ali Martinez shared a technical analysis exploring this possibility. The analyst pointed to $10 for ADA and said:
It seems to mirror the previous bullish cycle. If this pattern continues, we could witness a brief correction before ADA goes parabolic towards $10!
Cardano, in particular, broke out of a consolidation range on the weekly chart, according to the expert’s analysis. It experienced the same pattern in 2019-2020 before the significant rise towards $3.10 in 2021. Therefore, there is a target of around $10 if ADA price reflects its previous rise.
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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