Bitcoin continues to trade near $ 90,000. According to experienced technical analyst Rakesh Upadhyay, Bitcoin’s stay above $ 85,000 improves price expectations for these 4 altcoin projects. The analyst assesses that if the supports hold, these altcoins can continue their run. In this context, the analyst puts these 4 tokens on the table.
SOL price forecast: $304 is also in the cards for the altcoin!
Buyers successfully defended Solana’s (SOL) retest of the $210 breakout level. Hence, this signals a positive sentiment for the altcoin. The bulls pushed the price above the overhead resistance of $225 on 17 November. Thus, it signalled the beginning of a new bull move. There is a small resistance around $ 242. However, it is likely to exceed it. It is possible for SOL to reach $260, where bears will probably pose a significant challenge. If buyers break the $260 level, the altcoin price is likely to rise to $304. This bullish view will be invalid in the near term if the price falls and breaks below the 20-day EMA ($198). Such a move would signal that the markets are refusing to break out.
AVAX price prediction: Bulls target $ 50!
Avalanche (AVAX) rebounded from the 20-day EMA ($30.60) on 15 November. Thus, it reached the resistance line of the ascending channel pattern on 17 November. The upward-sloping 20-day EMA and the relative strength index (RSI) near the overbought zone increase the probability of an upside breakout. If this happens, AVAX may rise to $41.80 and then to $50. Contrary to this assumption, if the price fails to stay above the channel, it will indicate that bears continue to sell on rallies. The altcoin may then fall to the 20-day EMA and extend its stay within the channel for a while longer.
SUI price forecast: $4.70 stands at the end of the run!
Sui (SUI) has shown a vertical rise since it exceeded $ 2.37 on 9 November. Thus, it signalled that the bulls were in control. The bears tried to stop the run several times. However, bulls bought the intraday dips. It is possible for SUI to rise as high as $4 where the bears will again try to stop the bull trend. However, if the bulls prevail, the altcoin could rise to $4.25 and then to $4.70. The 20-day EMA ($2.86) is an important support to watch out for on the downside. A break and close below the 20-day EMA would signal that the bulls have lost control. SUI is then likely to fall as low as $2.37.
NEAR price forecast: Altcoin bulls target $8.58!
NEAR Protocol (NEAR) gained momentum after breaching the 50-day SMA ($4.71) on 11 November. Thus, it signalled a short-term trend change. NEAR reached the overhead resistance of $6.50, an important short-term level. The rising 20-day EMA ($4.96) and the RSI in the overbought zone suggest that the path of least resistance is to the upside. If buyers push the price above $6.50, the altcoin price could rise to $7.70 and eventually to $8.58. Alternatively, if the price drops sharply from the current level and breaks below the 20-day EMA, it would signal that NEAR will oscillate in the wide range between $6.50 and $3.42 for some time.
The opinions and forecasts in the article belong to the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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