Bullish Predictions for These 3 Altcoins from Three Analysts: Get Ready!

Bullish Predictions for These 3 Altcoins from Three Analysts: Get Ready!
Bullish Predictions for These 3 Altcoins from Three Analysts: Get Ready!

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Crypto analyst Lockridge Okoth predicts FET will likely make a move towards $3.48. Analyst Ibrahim Ajibade expects a rebound from leading altcoin rival Solana. Analyst Aaryamann Shrivastava talks about a 25 percent rise for LINK. We have compiled these 3 altcoins forecasts of analysts for our readers.

FET price forecast: The altcoin price is preparing to break out!

The Fetch.ai (FET) price has been in a steady downtrend for some time. This could be setting the tone for a breakout, depending on how the bulls play their hand. For a northward breakout, the bulls need to defend the $1.70 support. This would allow them to facilitate an upward move.

A bounce above $1.70 could enable Fetch.ai price to break above the downtrend line, effectively turning the 50% retracement to the support above $1.98. In the case of a fairly strong rally, it is possible that the altcoin price could rise as high as the $2.87 threshold. This would represent a gain of over 40% from its current levels. A run towards the $3.48 peak, last seen on March 28, is also possible.

FET/USDT 1 day chart

On the other hand, if the $1.70 support level is broken, the altcoin price could fall as low as $1.50. It is even likely to retest the psychological level of $1.00 before a possible rebound. In a dire situation, $0.49 would come to the table for FET. That would be about a 75% drop from current levels.

SOL price forecast: All eyes on the $170 resistance!

Among altcoins, Solana (SOL) price rose slightly on the 24-hour timeframe. However, if new participants step in to take advantage of the low funding rates signal, SOL will likely head towards $200 in the coming days. However, to confirm this bullish forecast, the Solana bulls first need to break through the looming selling wall in the $171 region, as in the 20-day SMA price indicator below.

Solana (SOL) Price prediction. Source: TradingView

If the bulls break through this key resistance cluster, another bounce towards $200 is possible. But if downside macro headwinds persist, the altcoin will likely consolidate within the $140-$160 channel in the short term.

LINK price forecast: Climb to $17 next for the altcoins?

Chainlink (LINK) is hovering around the $13.4 support level. This level has been supporting the altcoin for several days. Therefore, a reversal from this point is possible. Hence, LINK could witness a rebound once it breaks above $14.6. This would enable Chainlink’s price to rise to $17, provided it doesn’t compromise the $15.6 resistance on its way up. However, it is also possible that the altcoin could fall from the $13.4 support to reach $12. This is the target price signaled by the descending triangle form that LINK stuck to a few days ago.

LINK/USDT 12-hour chart. Source: TradingView

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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Bullish Predictions for These 3 Altcoins from Three Analysts: Get Ready!