Crypto analyst David says there is a 70 percent upside potential for LDO. Analyst pseudonym Kaleo expects a run from RUNE to ATH levels. Elsewhere, an analyst pseudonymous Rekt Capital makes a similar prediction for an AI altcoin.
LDO price prediction: 70% upside potential for the altcoin!
Lido DAO (LDO) has been trading within an ascending parallel channel since its all-time low of $0.46 formed in June 2022. The price tested both the support and resistance of the channel several times, confirming the validity of the pattern. In the previous two examples, it bounced up from the support line of the channel (green arrows). Afterwards, the altcoin price quickly rose to the resistance of the channel. The price bounced back up from the support line of the channel (yellow arrow) in the week of October 16-22, 2023. If history repeats itself, it is possible for LDO price to rise another 70.73% to reach the channel resistance at $3.94. Meanwhile, the weekly RSI (Relative Strength Index) has broken above the descending resistance line. Moreover, it remains above the 50 level. Since it supports the possibility of further rise.
Technical indicators suggest that LDO price will rise to the middle line of the channel at $2.70 in the next few days. A break above this line will help LDO rise to the channel resistance at $3.94, as it has done twice before. This means an increase of over 70% for the altcoin. This bullish view will be invalidated if the price falls below the $2.10 zone on the daily time frame. In this case, a 25.68% drop of the channel to the $1.70 support line is possible.
RUNE price prediction: Easy to see ATH when this happens!
The analyst, who goes by the pseudonym Kaleo, says that if THORchain (RUNE) breaks above the descending trend line on the daily chart, which is currently acting as a higher timeframe resistance level, he could “easily see” the altcoin price “making new all-time highs.” In this context, the analyst makes the following statement:
I bought the dip and initiated a position in RUNE. If there’s one thing I’ve learned over the past few months, it’s to not lose momentum. If it manages to break above the HTF (high timeframe) resistance, I can easily see it racing to new ATHs.
THORchain is currently the 50th largest crypto asset by market cap. It has surged nearly 231% from its low of $1.63 recorded on October 21. The altcoin was trading at $5.40 at the time of writing. RUNE’s record level is $21.28, reached in May 2021. According to Kaleo, the THORchain/Bitcoin (RUNE/BTC) pair broke through a high timeframe resistance level on the daily chart last month. This coincided with the beginning of the current rally. In this regard, the analyst makes the following comment:
RUNE broke above the HTF resistance in BTC pair at the beginning of November when it really started to run. I don’t want to miss the opportunity for an INJ-type run with a name I’ve been familiar with for years. But mostly I watch from the sidelines while I’m printing.
FET price prediction: Altcoin will run for new ATHs!
Rekt Capital, a crypto analyst with a large following, says machine learning platform Fetch.ai (FET) is running for new ATHs after retesting a key price level. In this context, the analyst uses the following statements:
FET has made an excellent retest of the purple level as support this week. Red is trying to move beyond resistance. Close to challenging for new all-time highs. It just needs to break this red resistance and turn it into support.
According to its chart, Rekt Capital shows that FET has successfully retested the key level of $0.59 and must turn the price level around $0.73 into support to reach a new ATH. FET reached its all-time high of $1.17 in September 2021. Meanwhile, the altcoin was trading at $0.725 at the time of writing, up 1% in the last 24 hours.
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