Crypto analyst David, FET expects a strong run. Analyst Lockridge Okoth predicts that MATIC price will rise above $1. Additionally, the analyst predicts that the bulls will push ICP higher. Popular analyst Michaël van de Poppe predicts that a leading altcoin rival will see a sharp increase.
FET price prediction: What’s next for the altcoin?
Fetch.ai (FET) bounced from the key $0.18 support zone during the week of October 16-22, 2023. The token price has increased rapidly since then (yellow arrow). This move helped the price climb above the long-term resistance zone at $0.53 and reach a new yearly high of $0.79 in the last week of 2023. This created a breakout higher high. It also confirmed that FET price is in a long-term uptrend. So, it’s a very bullish looking development.
The token has fallen significantly from its yearly high. Despite this, FET price is currently confirming the $0.53 zone as support (blue arrow). Meanwhile, the weekly RSI is in an uptrend and is above 50. This shows that bulls have the upper hand. Therefore, FET price is likely to bounce from the $0.53 zone and rise to the next important resistance level at $1. This target corresponds to an upside of 65.02% from the current price.
The most likely scenario suggests that FET price will continue to rise to the $1 resistance zone in the near future. However, before it does so, it is possible that it falls back to the $0.53 region. The short-term bearish view will be invalidated if the altcoin price closes above the $0.62 zone on the daily chart.
MATIC price prediction: There is a journey to $1!
Polygon (MATIC) price has not performed as well as the adoption benchmark. The overall pressure is still very high. It sits just below the critical buyer congestion level at $0.7390 with a pending buy signal in the Relative Strength Index (RSI) at $0.7024, above the support provided by the 200-day Simple Moving Average (SMA). If the trajectory of this momentum indicator continues, it is possible that it will soon break above the yellow band representing the signal line. It makes sense to view such a crossover as a bullish and buy signal.
With the subsequent buying pressure, it is possible for the altcoin price to extend northward and reach $0.8029. Further north, there is $0.8553 to face the 50-day SMA. In a rather bullish situation, MATIC price is likely to reach the $0.9702 blockade. A break from this barrier into support could allow MATIC price to enter the supply chain between $0.9833 and $1.0400. A breakout and close above the midline of this order block on the daily time frame at $1.0135 would confirm the continuation of the uptrend.
ICP price prediction: A 30% increase is possible for the altcoin!
Internet Computer (ICP) price is heading north as part of a V-shaped recovery rally, up 30% since the low of $9.52 on January 23. However, the supply zone between $12.01 and $14.43 threatens the upside potential for ICP. Meanwhile, the Relative Strength Index (RSI) is heading north above the 50 level. It also points to rising momentum. Increasing buyer momentum could see ICP price extend gains to test the midline of the $13.22 supply zone. A breakout and close above this level will confirm the continuation of the intermediate trend.
Such a move would likely see the altcoin price extend northward, turning the supply zone into a bullish breakout. This situation will be confirmed by the $15.33 resistance level turning into support. In a situation where the bulls are strong, it is possible for ICP to reclaim the $16.30 level. It last tested THIS level on January 3. Such a move would mean a 30% increase above current levels.
DOT price prediction: A clean 160% run?
Popular analyst Michaël van de Poppe says a correction in the crypto market provides many opportunities. The analyst states that one of them is Polkadot (DOT). According to the analyst, the altcoin could rise to $17, an increase of approximately 164% from its current level. According to his chart, the analyst shows that DOT faces “significant resistance” around $9.39 after retesting the support level around $5.50 to $6.00.
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.
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