Crypto analyst David predicts NEAR will outperform 50 percent in December. Analyst Valdrin Tahiri says that the ROSE price is ready for an upward move. Analyst Sohrab Khawas sees it possible for FTT to make a 50 percent jump. We have compiled analysts’ predictions for 3 altcoins for our readers.
NEAR price forecast: Approximately 50% increase possible in December!
Near Protocol (NEAR) price remained stable above a key support level last week. Additionally, it created short-term bullish signals. The altcoin has the potential to move higher soon. NEAR price broke above the key $1.65 resistance zone during the weeks of November 6-12 and November 13-19 (2 green arrows). He also confirmed this in support. The second confirmation candle is a strong bullish candle with significant trading volume that signals the end of the previous downtrend.
Meanwhile, last week’s bearish candle failed to push the altcoin price below $1.65. This is a sign of strong buying pressure. The weekly RSI (Relative Strength Index) broke above the 50 level. Moreover, it is sloping upwards, supporting the continuation of the bull trend. Therefore, NEAR price may rise to the next important resistance zone at $2.7 in December. This figure represents an increase of 46.04% from the current price.
The most likely scenario shows that the NEAR price will continue to rise in the near future. The nearest target is $2.2, while the higher target is $2.7. This bullish view will be invalidated if NEAR price breaks below the key $1.65 support zone on the weekly time frame.
ROSE price prediction: What’s next for the alt coin?
Cryptocurrency traders and analysts have a bullish view on the future trend of Oasis Network (ROSE). Cryptoholicboy says the price is in the process of breaking out of a horizontal resistance and will rise significantly in the short term.
Quang Avenue also rose for the same reason. It suggests that a breakout from a critical horizontal resistance area could trigger a significant upward move. Bitcoin Vanga is also on the rise. However, it uses an ascending parallel channel to reach its conclusion. In this context, the analyst said, “The climb continues within the ascending channel. Moreover, the altcoin price is currently hovering around $0.08532. The uptrend remains strong. This points to more potential. Stay tuned for next moves!” says.
Similar to the weekly time frame, the daily one also provides a bullish outlook. The main reason for this is RSI. The indicator broke out of the downtrend trend line (green) and bounced at 50 (green icon). Both are considered signs of a bullish trend and support the continuation of the rise. At the same time, the altcoin broke out of a descending resistance trend line. If the upward move continues, it is possible for ROSE to rise more than 20%. Thus, the token is likely to reach the next resistance at $0.11.
Despite this bullish ROSE price prediction, failure to sustain the increase could lead to a 10% decline that would confirm the $0.078 zone as resistance. However, this does not invalidate the bullish trend. This will only happen if the altcoin price reaches below $0.078 at the weekly close.
FTT price prediction: A 50% jump is possible for the altcoin!
The headline-grabbing FTT price recovery rally is quickly gaining traction among altcoins. Moreover, it is winking at a new breakout rally. Although it is notorious in the market, it maintains a short-term uptrend on the FTX chart. Moreover, the bullish formation on the 4-hour chart indicates a continuation of an uptrend for FTT price. cryptokoin.comAs you follow from , FTT recorded a 283% recovery between November 8 and November 11. Thus, the altcoin regained the $ 4.5 level. However, the overall supply zone at $4.67-4.70 brings excessive entry pressure to drag down the recovery phase.
Entering a cooling phase, the altcoin is moving on a sideways trend to form a triangle formation with overhead resistance at $4.70. The ongoing positive cycle within the triangle formation indicates a high probability of a breakout. If buyers keep up the pressure, the likelihood of a breakout will increase significantly. The overall FTT price action reflects a high probability of a triangle breakout rally poised to push the market price significantly higher. Moreover, the breakout rally shows the potential for a breakout above the $6 mark. Considering that the uptrend maintains its momentum, it is possible for the altcoin price to reach the $6.30 mark. On the other hand, a return below $3.59 would lead to a decline to $2.76.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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