A popular crypto analyst predicts rally for 3 altcoins. Analyst Mark Brennan thinks there could be more upside for the 5 altcoins. Finally, according to Analyst Akash Girimath, DOGE is likely to rally 25% above this level.
Master analyst predicts rallies for these 3 altcoins
Analyst Michaël van de Poppe predicts that the uptrend will continue for a handful of altcoins, including Ripple (XRP), Chainlink (LINK) and Polygon (MATIC). The analyst expects a deeper pullback, possibly near $0.65, before XRP regains its bullish momentum. According to Van de Poppe, it is possible that the rally following the drop could push XRP as high as $0.90. The analyst said, “The mega move. I’m interested in the $0.65-0.69 range for scalping. “If this uptrend happens, we will likely experience another escalation afterward,” he says.
The analyst then looks at the oracle network Chainlink. Van de Poppe predicts a massive increase in the value of LINK after the altcoin regains support at $6. In this context, the analyst said, “So far so good for Chainlink. It needs to hold above $6,” he says. According to his analyst chart, his forecast is for LINK to rise as high as $16.
The last altcoin on the analyst’s radar is Blockchain scaling solution Polygon. According to Van de Poppe, MATIC will likely drop as low as $0.75 before starting its next rise. In this regard, the analyst said, “There are two areas of interest in this matter. I would be interested in $0.79-0.80 with an aggressive approach. Conservative approach, I’m interested in $0.75. We’re probably not done with this upward momentum,” he explains.
There may be more to the upside for these altcoins
Ethereum (ETH) price analysis
Ethereum’s price action has not been as convincing as other crypto assets, which are rising with gains of over 60%. ETH struggled with a lot of range action as the price failed to rise above $2,000 as it was rejected. The $2,020 region remains an area of interest for many sellers as there are more shorts in this region. A break and close above the $2,020 zone for ETH could see ETH rise as high as $2,200 or $2,500.
Key areas for buyers to watch out for include $1,800 for a long position or $2,020 for a short entry. The 50 Exponential Moving Average (EMA) at $1,860 is temporary support for long positions. A break below this zone would mean it retests the $1,800 key support.
XRP price analysis after Ripple’s victory
cryptocoin.comAs you follow, Ripple has won its lawsuit against the SEC. The news came as a catalyst for this top crypto asset. Because XRP price broke out of its descending triangle and the price rallied to $0.93. It also created a new annual peak of over 80% in less than 12 hours. With this good news, the price held above $0.55, where it looked good. It also acted as a support zone for many buyers. So, if this hype continues, it is possible for XRP to rise to $1 more.
Cardano (ADA) price analysis
ADA’s price has been struggling to show much price action above $0.40 for weeks. Because ADA price is facing a strong resistance near the $0.35 and $0.40 levels. This prevents the price from rising. If the price of ADA rises above $0.40 and closes above these zones, we could see the $0.60 zone soon retaken by the bulls.
Shiba Inu (SHIB) price analysis
SHIB has the potential to help build a solid portfolio. SHIB’s price struggled to show much price action as its price dropped to $0.000006. However, the price rallied from this region to $0.000008. SHIB price faced resistance at $0.0000820 to continue higher. So, it formed an ascending triangle. For SHIB price, a break and close above $0.00000820 and $0.00000990 might help SHIB price rise to $0.000012.
DOGE price approaching breakout
Dogecoin price has been consolidating below the $0.0712 to $0.108 range for about 40 days. The Awesome Oscillator managed to break above the zero line. Moreover, the Relative Strength Index (RSI) also rose above the average at 50. These u signs indicate that the bullish momentum is increasing. Finally, the Wave Trend indicator also managed to break above the zero line. Also, a potential bullish crossover is on the way. Therefore, traders need to keep a close eye on the altcoin price approaching a breakout.
A decisive turn of the $0.0712 barrier on the daily or higher timeframe to a support base would trigger a bullish rally. The short-term target includes sell-side liquidity of $0.08. The second target would be $0.0896, which is the midpoint of the aforementioned range. This move will create a total gain of 25.77% for the DOGE price.
On the other hand, if Dogecoin price is rejected at the $0.0712 resistance level, it could pull back by 11.50% to label the $0.642 support base. Breaking this support barrier will create a lower bottom and the bullish thesis will be invalid. In such a case, it is possible for the altcoin price to revisit the $0.0539 level.
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