Crypto analyst Valdrin Tahiri is talking about a 40 percent run for WLD, the trending token of late. The analyst also predicts a WLD-like run for leading altcoin rival Solana. The analyst nicknamed Bluntz expects a parabolic rally from a Dogecoin rival.
WLD price forecast: How long will the increase continue?
The wave count on the daily time frame shows that WLD price will continue to rise. Technical analysts use Elliott Wave theory to determine the direction of a trend by examining recurring long-term price patterns and investor psychology. The most likely count has WLD in the third wave of a five-wave uptrend (white).
So far the third wave has been approximately 2.61 times longer than the first wave. Therefore, the altcoin is approaching initial resistance at $9.15, a potential interim top area. If WLD breaks above the $9.15 resistance, another 40% increase is possible. Thus, it will reach the next resistance at $11.85. This will give the third wave 3.61 times the length of the first wave.
Despite this bullish WLD price prediction, a rejection from the $9.15 area could trigger a 22% decline to the nearest Fib support at $6.45.
SOL price prediction: When will the altcoin price skyrocket?
Daily time frame analysis does not confirm the direction of the trend due to mixed price action and number of waves. Price action suggests that Solana (SOL) has likely traded within a symmetrical triangle since its December 25, 2023 high. The symmetrical triangle is considered a neutral formation. So breaks are possible. However, analyst Altcoin Sherpa says SOL price is in a good position to enter trades. In this context, the analyst makes the following statement:
LEFT: Buying around $100 seems correct; This is still a pretty choppy chart. I think just buying and holding is generally going to be the best strategy for most people.
The wave count shows that the altcoin price is consolidating in anticipation of another upward move. The most likely count has SOL in the fourth wave of a five-wave up move. The fourth wave probably took the shape of a symmetrical triangle. If the count is correct, SOL will continue to consolidate within the triangle before an eventual breakout. If this happens, a nearly 40% rally to the next resistance at $145 is possible.
Despite the bullish SOL price forecast, a breakout of the triangle would mean the local top is in. Then, SOL is likely to decline 35% to the 0.5 Fib retracement support level at $69.
WIF price prediction: Turbo is about to go parabolic!
The analyst, pseudonymous Bluntz, says dogwifhat (WIF) is on the verge of breaking its all-time high of around $0.47 and starting an irreversible rally. This price is also a major resistance level at the moment. The analyst shares the following assessment:
What if I told you that the next leg of WIF would be turbo parabolic? No more pulling back at the $0.50 resistance, I think it’s going to be a crazy push.
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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