Crypto analyst Lockridge Okoth predicts that FET will likely make a move towards $3.48. Analyst Ibrahim Ajibade expects a rebound from leading altcoin rival Solana. Analyst Aaryamann Shrivastava talks about a 25 percent increase for LINK.
FET price prediction: Altcoin price is preparing to break out!
Fetch.ai (FET) price has been in a steady downtrend for a while now. This could be setting the tone for a breakout depending on how the bulls play their hands. For a break to the north, the bulls need to defend the $1.70 support. Thus, they will be able to facilitate an upward movement.
A bounce above $1.70 could allow Fetch.ai price to break above the downtrend line, effectively turning the 50% retracement into support above $1.98. In the event of a fairly strong uptrend, it is possible for the altcoin price to rise to the $2.87 threshold. This represents a gain of over 40% from current levels. Additionally, a run to the $3.48 peak, last seen on March 28, is also possible.
On the other hand, if the $1.70 support level breaks, it is possible for the altcoin price to drop to $1.50. In fact, it is likely to retest the $1.00 psychological level before a possible recovery. In a dire situation, $0.49 for FET will come to the table. This would mean a decrease of approximately 75% from current levels.
SOL price prediction: All eyes on the $170 resistance!
Solana (SOL) price gained slightly in the 24-hour time frame. But if new participants step in to take advantage of the low funding rates signal, SOL will likely move towards $200 in the coming days. However, to confirm this bullish prediction, Solana bulls must first overcome the looming sell wall near the $171 region as seen in the 20-day SMA price indicator below.
If the bulls break this key resistance cluster, another bounce towards $200 is possible. However, if downside macro headwinds persist, the altcoin will likely consolidate within the $140 – $160 channel in the short term.
LINK price prediction: Is a climb to $17 next for the altcoin?
Chainlink (LINK) is hovering around the $13.4 support level. This level has been supporting the altcoin for several days. Therefore, a comeback is possible from this point. Hence, LINK may witness a recovery once it surpasses $14.6. This will enable Chainlink’s price to rise to $17 provided it does not compromise the $15.6 resistance on the way up. However, it is also possible that the altcoin will fall from the $13.4 support and reach $12. This is the target price indicated by the descending triangle form that LINK was stuck in a few days ago.
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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