With only a few days until Bitcoin hanving, crypto analyst Ibrahim Ajibade expects a bounce from BCH. Analyst Lockridge Okoth predicts a 25 percent increase for SOL, which has lost serious altitude in recent days. The analyst is also talking about a 50 percent rally for another altcoin.
BCH price prediction: The immediate target for the altcoin is $600!
In the near term, Bitcoin Cash price recovery phase is likely to move towards the $600 region. However, long-term holders’ holdings of coins should rise above 11.7 million BCH in April. Coinglass’ Liquidation Map data, which shows the value of leveraged futures contracts active at key price levels, also confirms this bullish outlook on the Bitcoin Cash price. As you can see below, BCH long leverage positions now outnumber short positions by a significant margin. Therefore, this indicates that derivative traders expect further price increases.
BCH short traders risk losing $5 million in potential liquidations if the price rises another 10% to regain $600. Conversely, if the price breaks below the $470 support level, it is possible for the bulls to lose more than $20.8 million. However, bulls have significantly more advantage in the game. Therefore, the altcoin price moving towards $600 is a more likely outcome. If this scenario plays out as expected, Bitcoin halving and upcoming US Fed interest rate cuts are some other bullish catalysts that could come into play for BCH to approach the $1,000 mark throughout the year.
SOL Price forecast: Solana price recovery is possible!
In the week that marked the implementation of the rising wedge pattern, SOL saw a 20% decline. After this, the altcoin price attempts a recovery, which depends on whether the Bitcoin price recovers or falls further. If SOL bulls hold above $130.45, SOL is likely to pivot for a recovery rally here. This level is important as it is almost converging with the 200-day Simple Moving Average (SMA) at $131.39, indicating a strong support zone. When SMAs rise, it typically indicates an upward trend in the asset’s price.
Meanwhile, the Relative Strength Index (RSI) has risen above the 30 threshold. It also moved northward to show rising momentum. This situation is reinforced by the 50-, 200- and 100-day SMAs climbing to $163.07, $131.39 and $93.40 respectively. With increased buying pressure, it is possible for Solana price to break the resistance due to the 50-day SMA at $163.07. This barricade turning into support will encourage more buy orders. Thus, it will help SOL price surpass $180.00. In the event of a fairly strong uptrend, it is possible that the Solana price will rise further. In this case, it could potentially retrace the $210.18 range. This would mean an increase of approximately 25% from current levels.
Conversely, if the Bitcoin price drops further, it is possible that the altcoin price will follow suit. In this case, SOL is likely to lose the important support level at $130.45. Enhanced seller momentum could send SOL to Saturday’s low at $116.00. This causes a lower low to form. A decisive candlestick close below this level invalidates the bullish thesis.
TIA price prediction: Altcoin price may increase by 50%!
Celestia (TIA) has been trading in a descending channel formation since early February. Thus, TIA is in an overall downward trend. Price action is generally characterized by lower highs and lower lows. The altcoin price is ready for a possible rally after a successful bounce above the $8.40 support. If this support holds, it is possible for TIA price to break the resistance due to the middle line of the channel. Thus, it could potentially extend to the $14.70 roadblock. This would mean a climb of 50% above current levels.
If Celestia price successfully climbs above $14.70, it is possible that it could lead to a move towards the $20.80 resistance level. The Relative Strength Index (RSI) is close to falling below 30. This suggests that TIA may soon become oversold and precipitate a pullback. Therefore, TIA is in a good spot to make a bold move north. All it needs is a sign from the Bitcoin price or renewed enthusiasm in the market.
On the other hand, if profit booking continues, the altcoin price is likely to drop to the $8.40 support. A break below this level will send the TIA price to the support zone just below it. If the bears sink the Celestia price below $7.56, it would lead to a lower low. This will invalidate the bullish thesis.
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!