Crypto analyst Aaryamann Shrivastava expects a run of at least 20 per cent from PEPE. Analyst Manish Chhetri predicts more runs for BNB Coin. Analyst Michael Ebiekutan points XRP Coin higher. Read on for these 3 altcoin predictions.
PEPE price prediction: Altcoin forecast points to ATH!
PEPE’s price action has remained in a narrow range between $0.00002334 and $0.00001793 for the past three weeks. The token needs to break this consolidation to reach a new all-time high (ATH). A sustained price movement outside this range would signal a shift in market sentiment. Currently, PEPE’s ATH is $0.00002597, 20% above its current price of $0.00002158. A price increase beyond this point is possible, especially with the ongoing Binance.US listing. Positive market reactions to this event will support the potential for new highs.
If PEPE fails to break out of the consolidation phase, it may face downward pressure. In this scenario, a drop to $0.00001489 becomes more likely. It also weakens the bullish outlook. This decline would challenge the sustainability of PEPE’s price momentum and lead to a more cautious market approach.
BNB price forecast: Technical outlook target $832!
Binance Coin (BNB) price closed above the $612.50 breakout level of the ascending triangle pattern on 26 November and found support. It also rose 21% over the next seven days. The breakout of this technical pattern favours the bulls and the target is usually the first daily high. If BNB maintains its upside momentum, the run may extend to form a new ATH of $823.49, the technical target of the pattern.
However, the Relative Strength Index (RSI) is at 69. This points down from the overbought level of 70. Traders need to be cautious when adding to their long positions. Because the possibility of price retracement is increasing. If the RSI continues to move downwards, it is possible that BNB could fall sharply.
XRP price forecast: The altcoin forecast shows $3.57, but…
According to Coinglass data, XRP fell 11%, leading to liquidations of over $34 million in the last 24 hours. Liquidations included $25.37 million from long positions and $8.75 million from short positions. XRP struggled to reclaim the $2.58 level after falling below it on 3 December. This means that sellers are defending the level. If the decline continues, it is possible to find support near the 50-day Simple Moving Average (SMA) at $1.96. However, if XRP maintains a high-volume move above $2.58, it is likely to rise to the upper boundary of an important rectangular channel at $3.57 to determine the ATH level.
The Relative Strength Index (RSI) momentum indicator is bearish for XRP. It also tested its midline, signalling a weakening of bullish momentum. The daily candlestick closes below $1.96, invalidating the bullish thesis.
The opinions and forecasts in the article are those of analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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