An analyst who correctly predicted Bitcoin’s 2018 bear market price bottom is predicting a steep rally for the altcoin. Moreover, the analyst predicts that Solana will follow the path of his rival. On the other hand, another popular analyst expects significant upward moves from 3 altcoins.
Bluntz: This altcoin will start going parabolic soon!
As you follow from Kriptokoin.com, the market follows a cautious course after the sharp decline. However, during this period, some tokens may be gathering strength to rise. Experienced analyst with the pseudonym Bluntz says smart contract platform Sui (SUI) looks ripe for rallies after breaking out of the accumulation range. The analyst shares a chart showing that SUI is up over 122% from current prices. In this context, the analyst makes the following statement for the altcoin:
Months of accumulation in the SUI/USD parity were broken. Despite this, BTC parity is still accumulating. I think this will start going parabolic soon. It’s too early for that, but it won’t be long.
Source: BluntzBluntz applies Elliott Wave theory, an advanced method of technical analysis that attempts to predict future price movements by following crowd psychology, which tends to manifest in waves. According to theory, an asset in an uptrend tends to witness a five-wave rally. According to the analyst’s chart, Bluntz predicts SUI will rise to $1.40 before ending its five-wave rise. At the time of writing, SUI is valued at $0.63 and is still above the trader’s accumulation range.
Solana will follow the path of AVAX!
The analyst then moves on to Solana. According to Bluntz, the altcoin will follow in the footsteps of Avalanche (AVAX), which has gained over 90% this month. In this regard, the analyst makes the following comment:
AVAX is currently trying to catch up with SOL and is beating it by a mile. However, both have the same structure. However, AVAX moves harder and faster. Still, it’s a good perspective for the future.
Source: BluntzAccording to the analyst, there is a 27% increase potential in ATOM!
A crypto analyst with the pseudonym Altcoin Sherpa says ATOM, the native asset of the interoperable blockchain ecosystem Cosmos, could rise more than 27% from its current value. The analyst said, “Cryptocurrencies like ATOM are falling behind. However, he is finally waking up a bit. I’ll probably keep an eye on that. Also, if BTC plays well, I expect $15 to come.”
Source: Altcoin SherpaThe analyst’s chart reveals that ATOM is in an uptrend after breaking out of an accumulation range of around $8 to $9. It also shows that it is heading towards the next major resistance area at around $15.40. Meanwhile, ATOM was trading at $11.24 at the time of writing, down 3.9% in the last 24 hours.
Altcoin Sherpa: Target for BONK is $0.00001500
The analyst next looks at Solana-based meme-coin and Dogecoin rival Bonk (BONK). Altcoin Sherpa says BONK could go higher. In this regard, the analyst said, “BONK: is the next leg coming? It would probably be good to get some exposure to this meme-coin. “I have already closed my entire position, but I am thinking of entering again.” says.
Source: Altcoin SherpaAccording to its chart, the analyst predicts that BONK will soon surpass the $0.00001500 level. Meanwhile, Bonk was trading at $0.00001057 at the time of writing, down 13% in the last 24 hours. The analyst’s target implies an increase of approximately 50% from the current level.
According to the analyst, ETH will go on a path to $ 3,500!
Finally, the analyst says he is bullish on Ethereum (ETH). Altcoin Sherpa predicts that ETH will move upwards towards the $3,050 and $3,522 levels after turning the $2,100 level into support. In this context, the analyst makes the following statement:
ETH: I still think Ethereum is one of the easiest transactions you can get. It consolidated below the $2,000 level for almost two years. Also, it eventually came out of this range. This will definitely catch on and I think ETH/USD will head towards $3,000 in the coming months.
Source: Altcoin SherpaMeanwhile, Ethereum was trading at $2,217 at the time of writing, up 1% in the last 24 hours.
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