The wind of Ripple’s victory has raised hopes in the long-pressured cryptocurrency market. While XRP is running strong, some altcoin projects have followed suit. Master analysts shared 5 altcoin projects that they expect to rally in the middle of this wind.
These two altcoins are giving bullish signals
cryptocoin.comAs you can follow, Ripple wind blew in the market. In the midst of this development, crypto analyst nicknamed Kaleo has been bullish on two popular altcoins. Starting with Binance Coin (BNB), Kaleo states that BNB is trading below $250. According to Kaleo’s charts, it is possible for BNB to revisit the $300 price level. Thus, it is likely to rise slightly above the April high of $340. The analyst said, “BNB is returning to $300. But you don’t ‘believe’ that,” he says.
Kaleo states that Binance is currently receiving little attention, but that will change once it is bullish. Based on this, he comments:
The funny thing is that no one is talking about BNB right now. However, it will be on everyone’s lips when it finally rises here a little later. And everyone will look back and talk about how obvious it was. But… somehow it’s not open right now.
Next up is Bitcoin Cash (BCH). Kaleo says BCH has more upside potential when paired with Bitcoin. The analyst makes the following statement:
After sitting on the sidelines for a few days, I traded another BCH long. I really like the look compared to BTC in terms of the potential to see a final uptrend.
Taking Bitcoin and Litecoin forward
Popular crypto analyst Michaël van de Poppe thinks the world is finally starting to wake up to the importance of crypto assets. The analyst says the world is getting closer to crypto as Europe prepares to launch a Bitcoin exchange-traded fund (ETF) later this month. On this subject, Van de Poppe makes the following assessment:
The Bitcoin ETF in Europe will be released this month. Not only will there be one in the US, but finally in Europe as well. We are waking up more and more with crypto.
Van de Poppe, digging deep into the leading crypto, says BTC will likely go up to $38,000. The analyst said, “Bitcoin holds $30,200. Also, it will most likely start looking at the higher ranges again. “We will have another test and a quick exit to $38,000,” he says.
The analyst states that BTC is about to “fly” to higher highs. It also claims that it will bring altcoins such as Litecoin (LTC). In this context, he makes the following statement:
Bitcoin is ready to break upwards. Back to support, all liquidity taken. In fairness, if we break below $30,000, we will break towards $29,300. But this seems like an overcrowded trade. If we break above $30,500, we fly higher and things like LTC turn bullish.
Taking a look at LTC, the crypto strategist thinks that Litecoin is inevitably on a bullish path. “The markets are reversing. Let’s continue in Litecoin,” he says.
Leading altcoin will explode up to 60%
The analyst, nicknamed Altcoin Sherpa, is expressing the bullish sentiment on Ethereum (ETH) as the crypto market is trading in a range. The analyst predicts Ethereum will rise by about 59% and reach $3,000 before correcting. Based on its chart, altcoin Sherpa predicts Ethereum will surge above $2,000 in the third quarter of this year and then visit above $2,700 before returning to around $1,250 in the fourth quarter. In this context, the analyst says:
ETH: It wouldn’t be surprising to see this spike as high as $3,000 before a pullback. It is not yet clear how far the retreat will go. I think it will depend on macroeconomics. Still, there is an uptrend.
The price of this altcoin could rise by over 40% in July!
Crypto analyst David predicts that Synthetix (SNX) will go on a rally. David evaluates the altcoin’s technical picture. SNX has declined since being rejected at the horizontal resistance level of $3.4 on March 6, 2023 (red arrow). During this time, the price dropped below the critical support level of $2, which indicates the continuation of the downtrend.
However, instead of a sharp decline, SNX price bounced off the previously falling resistance line. Thus, it formed a morning star formation (green ellipse). This is an uptrend that usually appears at the end of a downtrend. Indeed, the price retraced the $2 support level. It also confirmed as support in the previous week (green arrow). This indicates that the previous event was just a divergence and a strong upside move could occur afterward. Therefore, SNX price is likely to retest the $3.4 resistance level, with an increase of over 40% from the current level.
The most likely outlook is for the SNX price to rise further in July. The closest target is $3, a higher target is $3.4. This perspective will be invalidated if the price drops below the key $2 support level.
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