Crypto analyst David marks a very high level for AVAX. The analyst, nicknamed Bluntz, expects it to rise further than WIF, the popular meme coin of recent times. Popular analyst Ali Martinez predicts a strong run for the leading altcoin rival Cardano.
AVAX price prediction: Is the altcoin poised for a strong run?
Avalanche (AVAX) price confirmed the previous resistance zone at $30 as support (green arrow) during the week of January 22-28, 2024. This move created a higher low. It also goes a long way to confirm that the long-term trend is upward. Indeed, it has continued to rise ever since. Thus, it broke above the long-term resistance zone at $55 last week.
The breakout occurred with a large bullish candle and high trading volume, confirming the validity of the breakout. Meanwhile, the weekly RSI (Relative Strength Index) is back in the overbought zone and is trending upward. Therefore, this shows that the bulls are in control of the market. Therefore, it is possible that AVAX price rises to the next long-term resistance zone at $100 in the near future. For the altcoin, this represents a 61.53% increase to the target.
The most likely scenario shows that the AVAX price will continue to rise in the near future. The nearest target is $69. Additionally, there is also potential for the altcoin to rise to $100.
WIF price prediction: $4.5 on target now!
An analyst with the pseudonym Bluntz, who nailed Bitcoin’s price base during the 2018 bear market, predicts dogwifhat (WIF) will rise to an all-time high of $4.50 before completing its five-wave rise. Bluntz applies Elliott Wave theory for his prediction. In this context, the analyst says:
From the lows, the WIF still needs one more leg up to the all-time highs to fully complete the five-wave structure. So for now, we continue to view this pullback as a fourth wave with one final leg to a new all-time high.
ADA price prediction: Altcoin will rocket 150%!
Recent months have witnessed many positive developments for the entire Cardano (ADA) ecosystem. Work on Plutus v1 and v2 networks has begun to yield results, with the number of new smart contracts on the Blockchain increasing in recent months. In addition, the ADA token has seen several brief but major surges in the context of the ongoing and protracted crypto market rally, cumulatively leading to more than 100% price gains over the past 52 weeks.
According to popular analyst Ali Martinez, Cardano is now poised for a significant increase. The analyst is talking about an increase of more than 150%. According to Martinez, ADA’s price chart pattern closely resembles the token’s performance between 2018 and 2021. Based on the historical pattern, the analyst says ADA will trade in a range of $0.55 to $0.80 in the coming weeks. However, it assesses that it will rise to $1.70 later. Moreover, according to the analyst, if such a scenario occurs, the altcoin will head towards another rally. This time the target will be the all-time high of $5. In this context, Martinez makes the following statement:
So far, Cardano is similar to the pattern observed from 2018 to 2021. If this fractal continues, expect ADA to consolidate in the $0.55 to $0.80 range in the coming weeks and then rise to $1.70. After this rise, expect another period of consolidation, setting the stage for a breakout towards $5.
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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