Crypto analyst David expects a strong increase in the price of AI coin AGIX. Analyst Victor Olanrewaju says that another popular artificial intelligence coin, FET, will make a similar move. Finally, the analyst nicknamed EGRAG predicts a complete explosion for an altcoin.
AGIX price prediction: A 39% rise is possible for the altcoin
SingularityNET (AGIX) has been falling since it was rejected from its all-time high of $0.65 in February 2023. This move brought the price to a key support level of $0.17 in early June and again in mid-August. After 10 weeks of consolidation, AGIX price rebounded from the $0.17 support zone last week (green arrow). It is currently forming a major bullish candle on the weekly timeframe.
This confirmed the formation of a double bottom pattern, which is a bullish pattern that usually leads to an upward trend reversal. Meanwhile, the weekly RSI has moved above the 50 level. Also, it seems to be sloping upwards. Therefore, it supports further uptrend. If the upside momentum continues, the next significant resistance zone lies at $0.33. This level corresponds to a 39% increase from the current altcoin price.
The most likely scenario shows that the AGIX price will continue to rise in the near future. The nearest target stands at $0.267. Additionally, the altcoin has higher potential towards $0.33. Meanwhile, the daily RSI has entered the overbought zone. Therefore, a correction could occur once the price reaches the $0.267 region.
FET price forecast: Should investors expect another 50% rise?
FET broke out of the supply zone after support was established at $0.22. The support quickly turned into an upward run for the AI token. However, the price was rejected at $0.30. However, it did not take long for the bulls to push back the resistance. Currently, the bears are not close to market control and as long as support remains at $0.28, FET still has good potential for its value to rise. Additionally, the Relative Strength Index (RSI) moved north, rising as high as 70.52. Therefore, it is possible that momentum for FET will continue to rise. Although the RSI value is considered overbought, the token is unlikely to decline considering the macroeconomic catalyst and current buying pressure.
In a very bullish situation, it is possible for the altcoin price to rise above $0.40. However, for this to happen, purchasing pressure needs to increase. With increasing volatility shown by Bollinger Bands (BB), FET may be poised for a significant rise. Two other indicators supporting the rise are the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD). At the time of this writing, the AO was 0.057. The presence of green bars on the positive side of the indicator is a reflection of bullish control. If AO remains in positive territory, FET’s potential rise to $0.40 could only be the beginning of another bounce above the level. As a result, it’s possible for FET to gain another 20% to 30%, provided sellers get out of the way.
XRP price prediction: Targets have increased for the altcoin!
Crypto analyst with the pseudonym EGRAG has made a significant adjustment to his targets for XRP. The analyst raised the final medium-term target to $7 from the initial $6.4 projection. This move follows XRP’s surge in July, where the asset surpassed its initial target of $0.85 to an impressive price of $0.93. The analyst’s revised XRP medium-term targets currently range from $1 to $7.
In the previous analysis, the analyst noted that XRP was on the verge of breaking a downward trend line, which he called the last awakening line. He set four medium-term price targets for the altcoin in case it breaks out of its recent awakening line. The initial target set by the analyst was $0.85. Following this target, he created three more projections: $1, $5.5 and $6.4. But the market had different plans. XRP broke above the last wake line after two months. cryptokoin.comAs you follow from , it rose to a whopping $0.93 on July 13. This marked an impressive gain of 9.41%, surpassing the analyst target of $0.85. This unexpected rise led EGRAG to recalculate its predictions for XRP’s future performance.
EGRAG suggests that the current market activity is essentially a reassessment of the initial volatility and points to a significant price increase in the coming period. When the analyst increases the original target of $1 by 9.41%, it is equivalent to approximately $1.10. The $5.5 target equates to approximately $6 when subjected to the same 9.41% increase. Finally, the $6.4 target rises to around $7 with an upside of 9.41%. These revised targets represent significant bullish sentiment and the potential for even higher returns.
The predictions and opinions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We recommend that you pay attention to the volatility of the market and do your own research before investing.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!