Closely followed crypto analysts revealed bullish prospects for 6 altcoins. The list includes popular names such as LTC, ATOM and SAND, which are already traded on Binance.
Analysts point to opportunities in high-volume altcoins
Widely followed crypto analyst Rekt Capital says Litecoin is preparing itself for a new price stage. According to the analyst, the bulls could soon follow a path that pushes LTC as high as $110. Rekt Capital attributes this to the formations on the LTC chart:
LTC has successfully retested the blue bull flag crest, which led to a return to the red range. LTC’s return to the red-red range means it could soon follow the rest of the red path.
Cosmos (ATOM)
Rekt Capital later shared that it expects a rise in Cosmos. According to the analyst, ATOM could rise more than 20% from current prices. In terms of price levels, the analyst says:
The upside continues and ATOM continues to position itself for a favorable monthly close that could set the price for a revisit of the $11 zone over time.
Sandbox
Finally, Rekt Capital predicted that the SAND price would rise to the $0.638 range. According to their analysis, SAND managed to regain black support and rally +14%. In doing so, there is a possibility that the SAND price will revisit the blue peaks over time.”
Altcoin analyst Cheeky Crypto updates ADA price predictions
Cheeky Crypto from Youtube says that a possible retest of Cardano (ADA) towards $0.30 is quite reasonable. According to the analyst, there are two potential position opportunities with ADA. The recommended strategy for a bullish view is entry at around $0.32 and stop-loss at $0.27.
On the other hand, the analyst also draws a scenario where Cardano may decline towards $0.18. In this case, it is important that you set a stop-loss around $0.30. However, confirmation is required on lower timeframes to set a more precise entry level.
Meanwhile, data from DefiLlama reveals that as of June 27, the Cardano network had locked around $151.91 million in DeFi projects. This significant figure demonstrates the growing trust and investment in Cardano’s DeFi ecosystem.
Cardano currently has a market cap of approximately $9.7 billion. Thus, it is positioned as a medium-sized altcoin in the cryptocurrency market. Also, Cardano’s daily trading volume is around $173 million. Cardano projects such as MinSwap, Liqwid, Indigo and especially VyFinance contribute to the success and expansion of ADA.
Egrag expects breakout in XRP price between July 2023 and August 2024
XRP remains within the confines of a multi-year ascending triangle. Meanwhile, the technical analyst nicknamed Egrag shared data on projected release dates based on the percent completion and duration of the triangle in its initial setup. These dates include May 2023 (65%), July 2023 (70%), November 2023 (80%), March 2024 (90%) and August 2024 (95%).
However, the projected release date for May 2023 (65%) did not materialize as expected. This led to an unsuccessful prediction. As a result, XRP is heading towards the 70% completion mark of the triangle, marking a potential breakout in July 2023. cryptocoin.com You can take a look at Egrag’s detailed XRP price predictions in this article.
Ali Martinez reveals the level that the leading altcoin must overcome
Popular on-chain analyst said that $2,000 is critical in Ethereum price. According to the analyst, 832,640 addresses bought more than 26 million ETH between $2,000 and $2,060. The altcoin leader predicts that if it breaks through this resistance zone, its price could rise to $2,750.
Meanwhile, ETH price is spending time in the $1,800 region. It has gained 1.5% in the last 7 days.
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