Crypto analyst David gives potential targets for STX as it prepares for a breakout. Analyst Valdrin Tahiri puts a target of around 2X on UNI. Crypto analyst Tony, nicknamed ‘The Bull’, plans to send XRP to the moon. The master analyst nicknamed Blunz says that he will continue the popular altcoin project of recent times.
STX price prediction: Here’s a potential target for the altcoin
The altcoin has been trading in a falling wedge since reaching a yearly high of $1.3 on March 20. This is a bullish pattern that leads to breakouts in most cases. As a matter of fact, the STX price broke above the wedge in a large bullish candle during the week of October 16-22. Since this formation occurs after an uptrend, breaking above the formation indicates that the previous uptrend continues. The weekly RSI (Relative Strength Index) is above the 50 level and bullish. This supports the possibility of an uptrend. If the upside momentum continues, STX price could rise to the key horizontal resistance zone at $1.3, a gain of 108.19% from the current price.
Technical signals indicate that STX price will continue to rise in the near future. The nearest target is $0.74. Moreover, other potential targets sit at $0.87 and $1.3. However, if the altcoin price falls below the $0.6 zone, the uptrend is likely to be jeopardized. In this case, it is possible to decline to the next support zone of $0.53.
UNI price prediction: Can the price reach $10?
A zoomed-in look at the weekly chart shows that UNI may have broken out of the long-term descending resistance trend line (white) that has been in place since the all-time high. If so, the altcoin price is currently confirming this as support. Another interesting development comes from the weekly Relative Strength Index (RSI). The RSI is moving upwards and has crossed above 50. More importantly, it formed a bullish divergence (green line) in the most recent bounce.
A bullish divergence occurs when a price decline is accompanied by an increase in momentum. It usually precedes an uptrend reversal. If the altcoin breaks out of the descending resistance trend line, it could rally 40% to the $7.50 resistance area and possibly 130% to the $12 resistance.
Despite this bullish UNI price prediction, failure to break out of the shorter-term descending resistance trend line could lead to a 25% decline to the $4 support area.
XRP price prediction: 900% increase on the cards for the altcoin!
Crypto analyst Tony described a bullish technical pattern for XRP seen in 2017. If this pattern reoccurs, it is possible that markets will see XRP rise by 900% to its all-time high of $3.40. Tony is optimistic about this. So much so that he suggests that XRP will rise to $2.40 by the end of November. He considers this price as an important milestone for the altcoin.
SOL price prediction: The beast will remain in the uptrend!
cryptokoin.comAs you’ve been following from , Solana has had a remarkable performance lately. Crypto analyst pseudonymous Bluntz predicts that Solana (SOL) will continue its upward move after a sudden pullback. In this context, the analyst says that the altcoin price will rise more than 22% from its current level. Bluntz uses Elliott Wave theory in his technical analysis. This theory is based on the assumption that the main trend of an asset’s price moves in a five-wave pattern. The analyst makes the following statement for his prediction:
Finally there is a nice three-wave correction on the four-hour SOL. All the late monkeys were washed! I think it is ready for the next rally to $70. Additionally, it is still in a major uptrend against BTC.
The analyst also says that SOL is showing a bullish divergence in the relative strength index (RSI), a momentum indicator that traders use to detect a trend continuation or reversal. In this vein, Bluntz says, “LTF (low time frame) splits. (deviation) again, send.” says.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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