Popular analyst Tom Busby shares 5 altcoin projects under his radar for explosive gains in the coming season. In the list you can find short price histories of the projects, their features and Busby’s technical analysis.
Tom Busby comments on the $5,075 target for the leading altcoin
The analyst expects ETH to retest the key demand level at $4,270 before it bounces back, breaks ATH and climbs above $5,000. However, he points out that $3,900 is another important level to watch as there is strong demand. Busby said in his analysis of ETH:
The first key resistance at $5,075 could provide a temporary pause in the uptrend, but that seems highly unlikely.
Cardano (ADA) price prediction
The analyst says that ADA has tried to break out of the descending channel several times and has managed to do so in sustained volume. This could push the price back towards the $2.4 levels, which also act as support and resistance, and then $2.65. After that, Busby thinks buying from the bulls could push the price beyond the key resistance and closer to the ATH level of $3.
Tom Busby: XRP up for $1.40
The most anticipated crypto on the list, XRP, has broken the bullish lines and looks set for an explosive move. According to the analyst, XRP can rise directly to $1.40 and a reaction from the $1.16 support is critical. The analyst also emphasizes that the forecast is valid only as long as XRP remains strong above $1.14, otherwise it will return to $1.10.
Analyst targets $0.09 in altcoin VRA
Verasity is the next generation video sharing platform that aims to create a fair system for advertising revenues. According to the analyst, the VRA, which has tested the 0.068 demand zone, may rise to around 0.09 for a new move. Busby says he expects higher levels to follow.
Synthetix (SNX) price prediction
cryptocoin.com At the bottom of our list is Synthetic, the DeFi protocol that provides access to a wide variety of non-crypto assets on Blockchain. The analyst suggests that SNX looks very bullish as it has been trading in a consolidation pattern for a long time and finally broke above it. These levels have been set for SNX:
I think this is the best time for us to see him do something crazy in Synthetix (SNX). Its price target is $10.40 or even $14.50 in the near future.
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