Crypto analyst Victor Olanrewaju says XRP is preparing for a run. Analyst Aaryamann Shrivastava expects a bullish move from the bit artificial intelligence coin. In addition, the analyst predicts more for the original meme coin, which has already started running. We have compiled these 3 altcoin predictions of analysts for our readers.
XRP price forecast: Altcoin has set its eyes on $ 0.60!
On the daily chart, the price of Ripple (XRP) fell below the 20-day Exponential Moving Average (EMA) on 21 October. Thus, it signalled a shift towards a bearish trend in the short term. The EMA is a technical indicator that measures the trend of an asset. When prices trade below this level, it usually indicates that selling pressure is intensifying. It also signals that it may hinder the bulls’ ability to sustain an upward movement. Despite the decline, XRP bulls managed to regain the $0.50 support. It also gave the altcoin a chance to break out of higher resistance zones. Given the current buying pressure, the altcoin price is likely to break above the 50 EMA (yellow). In this case, it is possible for XRP to rise to $0.55. After that, it will probably break $ 0.60 in the near term.
On the other hand, bears will need to ensure that XRP does not rise above $ 0.55 to invalidate this thesis. In this scenario, the XRP price is likely to fall as low as $ 0.49.
FET price forecast: AI coin is preparing to overcome obstacles!
FET has risen 9% in the last four days. However, these gains have not yet provided a significant return for investors. The next important resistance for FET lies at $ 1.40, a barrier that must be overcome before retrying the $ 1.71 mark. This level is crucial in determining the altcoin’s next move. According to current indicators, it is possible that the altcoin price will gradually gain bullish momentum. Thus, FET has the potential to exceed $ 1.70 once again. Investors are optimistic about these prospects, especially as FET approaches critical resistance levels that could increase its bullish potential.
However, if FET fails to break the resistance of $ 1.40, the colour of the business changes. In this case, the altcoin price is likely to fall to a critical support level of $1.04. A fall to this level could limit further losses, but would complicate the bullish outlook, making it necessary for FET to stabilise and prevent a more significant decline.
DOGE price prediction: Six-month high next for the meme coin!
Thanks to Elon Musk’s DOGE tweet, Dogecoin’s price jumped 14% in the past day. Thus, the meme coin has captured the bullish momentum that will carry it to $ 0.20. This target is about 21% higher than DOGE’s current trading level. If the altcoin price reaches this target, it will mark a significant success. Despite the positive factors, it is possible that DOGE may encounter resistance at $0.17 before reaching a six-month high of $0.20.
This resistance level could temporarily halt the rally if the asset struggles to break through, potentially delaying further upside movement and dampening short-term optimism. If DOGE fails to break through the $0.17 resistance, a pullback to $0.14 is possible, which would challenge the bullish outlook. This pullback will extend DOGE’s path to higher price levels. It will also signal that it needs a renewed momentum to regain the bull trend.
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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