READING NOW Time for the Bulls: Analysts Give Targets for These 5 Altcoins!
Crypto analyst David expects an upward move from STG. Analyst Ibrahim Ajibade talks about a 2X projection for SHIB. Crypto analyst Valdrin Tahiri states that leading altcoin rival Cardano could see a 20 percent rise. The analyst nicknamed The Flow Horse explains the 2 altcoins for which he expects a strong rise.
STG price prediction: Altcoin is preparing for a 30% increase
Stargate Finance (STG) price has moved higher since forming a morning star formation (green ellipse) within the long-term support zone at $0.4. This is a bullish reversal pattern usually seen at the end of a downtrend. Indeed, the STG price subsequently increased significantly. Thus, it broke above the important resistance zone of $0.54 during the week of November 6-12. During the same week, the altcoin price confirmed the $0.54 level as support (green arrow). This indicates that the previous downtrend has ended and a new uptrend may emerge.
The weekly RSI (Relative Strength Index) has broken above the descending resistance line. Additionally, it rose to the 50 level, supporting the continuation of the upward trend. Therefore, STG price could continue to rise towards the $0.71 resistance zone, potentially 30% higher from the current price.
STG weekly chart. Source: TradingViewSHIB price prediction: $0.00002 in orbit?
After SHIB defends the $0.0000085 zone, the dominant buying momentum and resilience shown by long-term investors could send the altcoin price on an upward trajectory. Parabolic SAR (Stop and Reverse) technical analysis indicator also supports the rise in SHIB price.
Currently, the SHIB Parabolic SAR indicator points are pointing at $0.000008. This is below the current price of $0.000009. This alignment is a clear indication of an imminent price bounce. If the bulls take control as predicted, SHIB price will face initial resistance at $0.00001, the previous local high. However, it is possible that a decisive breakout from this resistance could see SHIB double its 2023 opening price to reclaim $0.00002.
Shiba Inu price chart. Source: TradingViewOn the downside, this prediction will be invalidated if the bears manage a decline below $0.000007. However, the bulls will likely create a major buying wall around the Parabolic SAR at $0.000008. If this support zone remains intact, it will prevent SHIB from experiencing a major decline.
ADA price prediction: Will the altcoin hit a new year’s high?
The daily time frame provides a slightly bullish outlook. ADA broke out of a descending resistance trend line. Thus, it has reclaimed the horizontal resistance area at $0.35. Additionally, the RSI has formed a hidden bullish divergence (green). This is usually a sign that the trend will continue. In the ADA’s case, it legitimizes the continued increase and reclamation of horizontal space.
Cryptocurrency trader Cryptoinsightuk is extremely bullish on the price of ADA. The trader suggests that Solana (SOL) is following a fractal that precedes the price increase. If it follows the fractal, a rally to $0.80 is possible for ADA. On the bearish side, ADA formed a bearish candlestick with a long upper wick yesterday (red icon). Although this caused a decline, the altcoin is still holding above the $0.35 horizontal area. In any case, the ADA trend can be considered bullish as long as there is no close below the $0.35 zone. A price bounce in the support area is possible to reach the next resistance at $0.45. This level is close to the annual high. Additionally, this jump means a 20% increase for ADA.
ADA Daily Chart. Source: TradingViewFET and ORDI price prediction: Strong rises are possible
As you follow from Kriptokoin.com, the artificial intelligence narrative has triggered significant increases in associated altcoin prices. Blockchain-based artificial intelligence (AI) and machine learning platform Fetch.ai (FET) could gain around 130% in value from current levels, says analyst The Flow Horse. The analyst expresses this prediction as follows:
I think FET is one of the best looking charts right now. It’s over $0.45, and this thing has $1 written all over it, especially as an AI-connected coin that is so much more than just a narrative.
Source: TheFlowHorseThe analyst then analyzes Ordinals (ORDI), a technology that enables the creation of digital collections on the Bitcoin network. Flow Horse says ORDI is showing signs of maintaining its bullish momentum. In this context, the analyst makes the following statement:
This looks like it would put another leg up. ORDI continues to rise. It also broke out of its initial consolidation showing no warning signs of overheating.
Source: TheFlowHorse