Bitcoin price remains strong near the $44,000 level while altcoins are rising. Some top altcoin projects such as Solana, Cardano, Dogecoin, Avalanche and Polkadot are up more than 20% this week. Let’s see how the coming days and weeks will develop for some of these altcoins. A popular cryptocurrency analyst predicts that ADA, DOGE, and DOT will continue their rally.
Rekt Capital: The rally of these 3 altcoins will continue!
cryptokoin.comAs you follow from , the market’s performance over the weekend reflected the strength of the bulls. It was especially dazzling on the daily charts of ADA, AVAX and DOT. Popular crypto analyst Rekt Capital shared his latest analysis. It successfully retested support before the total crypto market cap, excluding the top 10, rose above $190 billion. This has only happened three times in its history. Meanwhile, the global crypto market value increased to $1.64 trillion.
Another 20% rally possible for Cardano
Cardano (ADA) price is up over 60% this week. ADA is on its way to resistance (green) at 0.724. The analyst says that any decline towards the orange level at $0.515 would enable a 20% move to the resistance level. In this context, the analyst said, “Cardano has risen by +54%. The green above is on the way to resistance. “Any decline towards the orange level will further activate the black pathway.” says.
Meanwhile, the price of ADA has increased by 21% in the last 24 hours. The altcoin was trading at $0.62 at the time of writing. The 24-hour low and high are $0.512 and $0.643 respectively. Additionally, trading volume increased by 221% in the last 24 hours, indicating increased interest among traders.
A further 31% upside is on the cards for Dogecoin!
Dogecoin managed to rise above the $0.10 level this week. Thus, the altcoin recorded a rise of 22%. According to the analyst, Dogecoin is available to buy below $0.096. Because Rekt Capital foresees a further upside target of up to $0.12.
DOGE price increased by 5% in the last 24 hours. The altcoin was trading at $0.102 at the time of writing. The 24-hour low and high are $0.097 and $0.102 respectively. Additionally, transaction volume continues to increase by 23% in the last 24 hours. This reflects the increasing interest of traders.
DOT explodes, but analyst expects more
Polkadot (DOT) price is up more than 52% since the retest. In this process, the altcoin successfully broke above the red resistance area. The analyst predicts that in the event of a decline, DOT will reclaim this area as new support before the trend continues. Notably, DOT entered a new macro uptrend and broke its first major resistance. In this context, the analyst said, “Polkadot is up +52% since the retest. It is now moving beyond the red resistance area. “If there is a decline, it would be to reclaim this area as new support before DOT bounces back to the continuation of the trend.” says.
Meanwhile, the DOT price has increased by 19% in the last 24 hours and 40% in a week. The altcoin was trading at $7.58 at the time of writing. The 24-hour lows and highs are $6.56 and $7.67 respectively. Additionally, trading volume increased by 154% in the last 24 hours, indicating increased interest.
The predictions in the article belong to the analyst and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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