Guy Turner, host of the Coin Bureau YouTube channel, expresses bullish sentiment on an Ethereum rival. Analyst Manish Chhetri says UNI is poised for a 30 per cent rise after a month of stagnation. We have compiled analysts’ predictions for 2 altcoins for our readers.
FTM price prediction: 2x increase on the cards for the altcoin!
Guy Turner shared his latest predictions to the 2.47 million subscribers of his Coin Bureau channel. Analyst says Fantom (FTM) has further upside potential based on technical analysis. In this context, the analyst makes the following statement:
The weekly chart appears to be drawing a strange head and shoulders pattern that is eerily similar to the top pattern FTM saw in late 2021. In particular, this formation indicates that there may be another upward leg.
According to Turner, it’s possible for Fantom to rise nearly 98%, approaching double its current price. “Looking at the weekly chart, it appears that FTM could rise as high as $1.60 in the short to medium term and will likely stall due to resistance from the previous bull market, also known as bag holders,” the analyst said. “No one can predict what will happen next.” says.
UNI price prediction: Token ready to reclaim highs!
Uniswap (UNI) price broke out of the $6.76 to $8.20 consolidation following a 20% rally on May 22. This move also allowed UNI to break above the 200-day Exponential Moving Average (EMA), which is currently trading at $8.07. Typically, large movements tend to revert back to the mean. This provides an opportunity for buyers on the edge to accumulate. There are three levels to buy the UNI bottom.
- It retested the 200-day EMA at $8.07. This is roughly 13% lower than the current price of $9.40.
- The daily order block from $7.53 to $7.97 coincides with the 200-day EMA. Also, the second level to buy UNI.
- Investors may also consider securing UNI if it retests the upper end of the above range at $8.20.
Assuming Uniswap price bounces from $8.20, the conservative target is $10.61. This is roughly 30% away from the current altcoin price. Beyond that, in case of extreme bullish sentiment, UNI is also likely to retest $12.80. This move will mean a gain of 60%. The second goal is ambitious. Therefore, it is only likely to happen if market conditions are extremely bullish. Relative Strength Index (RSI) and Awesome Oscillator (AO) also support this bullish thesis. Both broke above their average levels of 50 and 0, indicating that the bulls are in control.
Regardless of promising technical analysis and on-chain data, if the daily candlestick closes below the $6.76 price level, a lower bottom will be formed. This scenario changes the bull market structure to bearish. Thus, it is possible that it will cause the altcoin price to decline by 13% to $5.89.
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.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!