Crypto analyst David predicts an explosive run for QRDO. Coin Bureau host Guy Turner marks new highs for leading altcoin rival Solana. Analyst Akash Girimath makes an upward prediction for SUSHI.
QRDO price prediction: Altcoin may rise by nearly 300% in the near future!
Qredo (QRDO) price has been trading below the long-term descending resistance line since January 2023. After several rejections from the resistance line, QRDO finally broke above the resistance line during the week of February 26 – March 3, 2024. This breakout occurred with a bullish engulfing candlestick with very high trading volume. It also pointed to a potential trend change. Last week, the price successfully confirmed this line as support (green arrow). This is a common signal after a breakout. Additionally, it often leads to a continuation of the uptrend.
Meanwhile, the weekly RSI indicator has formed a significant bullish divergence. It also broke above 50, indicating that the bulls are regaining control. If the altcoin price continues to rise, it is possible that it could reach the long-term resistance zone at $0.24. This is where a long-term descending resistance line forms. This means an increase of 283.91% for QRDO.
The most likely scenario shows that the QRDO price will continue to rise in the near future. The nearest target for QRDO is $0.09. Additionally, the token has the potential to rise to $0.24. However, the bullish view will be invalidated if QRDO price closes the daily candle below the $0.05 zone.
SOL price prediction: $300 on target!
Coin Bureau host Guy Turner looks at Solana’s weekly and monthly charts. The analyst says it heralds a 35-45% break above the $300 price tag for its Ethereum rival. According to Turner, Solana is also experiencing a breakout against Bitcoin. The analyst states that BTC is on the verge of a rally due to the halving event that will take place in April. For this reason, he predicts that Solana will rise even higher. In this connection the analyst comments:
“In SOL’s case, it appears to be breaking out against BTC on a weekly and monthly basis, heralding a 35 to 45% gain respectively. This means that if the price of BTC remains roughly where it is, SOL could rise between 35 to 45% and approach the $300 mark. Considering that Bitcoin’s halving event is around the corner, the price of BTC is likely to rise. This means that a 35 to 45% appreciation of SOL relative to BTC will push SOL above the $300 milestone.”
SUSHI price prediction: Altcoin confirms a potential bull trend!
The uptrend in Sushi Swap (SUSHI) prices started in early February after it turned the weekly resistance level of $1,012 into a support base. Since then, SUSHI has increased by 105% in just one month. Thus, the altcoin broke the next critical hurdle of $1,628. It then formed a local peak of $2,153. Now, Sushi price is trying to break above this barrier. Moreover, it confirms a successful return to $1,628. This setup looks extremely promising. However, investors need to be prepared for a potential pullback before the bull trend begins.
If Bitcoin breaks out of consolidation and tries to reach the ATH level at $75,000 or higher, this will give a ‘continue’ signal to altcoins. Such a bullish market development is likely to trigger a Sushi price rally towards the next psychological level of $3. This move represents a gain of around 85% from the $1,628 level. It will likely be where the altcoin price forms the next top. Both the Relative Strength Index (RSI) and Awesome Oscillator (AO) momentum indicators reflect bullish momentum with no signs of decline.
If SUSHI makes a daily candlestick close below $1,267, a lower low will be formed on the daily timeframe. With this change in trend favoring the bulls on a lower timeframe, the bullish thesis becomes invalid. In this case, it will likely attract short sellers or profit takers. In such a case, it is possible for the altcoin to visit the next important weekly support level at $1,012. This would mean a roughly 20% decrease.
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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