Crypto analyst Akash Girimath expects a rally from two recently popular Solana-based meme coins. Popular crypto analyst Ali Martinez expects an upward move from ADA. We have compiled analysts’ price predictions for these 3 altcoins for our readers.
BONK price prediction: Bonk Inu is preparing for a breakout rally!
The price consolidation seen in Bonk Inu over the last three weeks has resulted in the formation of the ‘Adam and Eve’ formation. This pattern is a distinctive pattern that indicates potential trend reversals in the market. It is characterized by a sharp, V-shaped ‘Adam’ peak followed by a more gradual, rounded ‘Eve’ trough. This technical pattern predicts a 20% upside to $0.000014908, which is achieved by measuring the depth of the rounded bottom trough known as the Eve and adding it to the breakout point at $0.000012397.
The altcoin price broke the horizontal resistance level at $0.000012397 on February 10. BONK is currently retesting the above-mentioned level in an attempt to confirm its reversal. Looking ahead, a 20% move from BONK is possible in the coming days. Ideally, the BONK price rally is likely to extend higher. It could extend the total gain from 20% to 30% by retesting the daily resistance level at $0.000016177. Both the Relative Strength Index and the Awesome Oscillator are favorable for BONK’s rise.
On the other hand, if Bonk Inu price makes a twelve-hour candlestick close below $0.000011747, it will form a lower low, invalidating the rise for BONK. Under these circumstances, it is possible for BONK to drop 20% to gather sell-side liquidity below $0.000009332.
WIF price prediction: Altcoin price is waiting for a breakout!
Dogwifhat price is also consolidating in an ‘Adam and Eve’ formation, very similar to its rival BONK. This spiral rise has been happening for the last three weeks. Also, it is approaching a breakout. In WIF’s case, the depth of the pit is 57%. Additionally, the horizontal resistance it needs to overcome is $0.404. This shows that the target is $0.6399.
The Relative Strength Index and the Awesome Oscillator are both hovering above their respective average levels of 50 and 0. This indicates a strong bullish momentum in the game. One thing traders should consider is that there could be a pullback to the intermediate support level at $0.333 before Dogwifhat price rises to clear the $0.404 hurdle.
Conversely, if Dogwifhat price breaks the $0.333 support level, it would indicate weakness among buyers. Such a development could occur due to increased selling pressure from holders or a sudden drop in Bitcoin price. No matter what, if WIF breaks the $0.293 support level, it will form a lower low. In this case, the bullish thesis becomes invalid. In such a case, the altcoin price is likely to decline by another 24% and retest $0.221.
ADA price prediction: A 20% rally is possible for the altcoin!
Popular crypto analyst Ali Martinez says ADA “faces a tough hurdle” in the $0.54 and $0.56 price range. According to Martinez, approximately 50,000 addresses purchased approximately 2 billion ADA between these price points. This suggests that owners only want to sell their Cardano treasures to break even. However, the analyst notes that Cardano will witness an upside breakout if ADA bulls manage to clear the heavy supply level. The analyst said, “Overcoming this resistance will likely pave the way for an upward move towards $0.68!” says.
Last week, Martinez predicted that the price of ADA would rise based on the descending triangle chart formation of the altcoin price. A descending triangle is generally considered a bearish signal as a continuation pattern in a downtrend. However, a break in the opposite direction, known as a reversal formation, indicates an uptrend. “A continuation of the daily close above $0.53 will likely lead to a 32% rally,” the analyst said. “Also, it could potentially push ADA to $0.68!” says.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you 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!