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.
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.
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.
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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