5 Bullish Crypto Predictions From Analyst for Top Altcoins

5 Bullish Crypto Predictions From Analyst for Top Altcoins

Key Insights

  • According to crypto analyst, Ali, a strong resistance level at $0.45 could limit Fantom's upside potential, but breaking it could lead to a 45% rally towards $0.65.
  • A "sustained close" above $0.638 could pave the way for Cardano to reach $0.7, but lagging price action raises concerns about a possible pullback.
  • A sell signal on the TD Sequential indicator, as well as recent price declines, suggests a potential correction for MANA in the near term.
  • Similarities to the 2018-2020 consolidation phase suggest that VeChain could break the $0.033 resistance within two weeks and reach $0.077 by late January.
  • A decisive weekly close above $0.000011 could send Shiba Inu back to $0.000014, while weakness below this level might trigger a dip to $0.000008.

A lot of the crypto market's volatility has returned recently, especially in the final quarter of the year.

Several cryptocurrencies on the market now appear to be teeming with life again, and an upcoming bull run has never been clearer.

On Friday this week, widely followed analyst, Ali Martinez set to work releasing several of the most potentially bullish (and bearish) cryptocurrencies he thought are the best to go looking into.

As it is, we have curated a list of these cryptocurrencies, what he had to say about them, and a few interpretations of our own.

Let's go over the first of these predictions, the first of which is:

1. Fantom Needs To Break Past This Resistance

According to data provided by CoinMarketCap, Fantom currently trades at around $0.42 at the time of writing, after a not-too-bad 16% performance over the last week.

Fantom's price performance | Source: <a href='https://coinmarketcap.com/currencies/fantom/' target='_blank' rel='noreferrer noopener'><u>CoinMarketCap</u></a>
Fantom's price performance | Source: CoinMarketCap

According to Ali, Fantom has failed to rise higher than the $0.45 zone, because there is a fairly strong resistance here.

This is unsurprising because $0.45 is a round number, and as such, serves as a significant psychological resistance.

Fantom's distribution
Fantom's distribution

Ali explained that according to the distribution of Fantom tokens around the gainers and losers, over 1,430 addresses hold 657.60 million $FTM accumulated between $0.46 and $0.46.

Because of this, the $0.45 – $0.46 zone serves as a significant resistance point, and may be hard to break.

If it does break, however, we could see a 45% rally, as Fantom aims for $0.65.

2. Cardano May Be Ready To Hit $0.7: Crypto Boom?

According to Ali, Cardano has a real chance of hitting $0.7 soon, if it establishes a "sustained close" above $0.638.

Cardano's price action, however, throws some sand in the eyes of this prediction:

Cardano's price performance
Cardano's price performance

According to CoinMarketCap, Cardano is only a hair length above $0.6 and is way under this $0.63 zone that Ali speaks of.

Ali says that if Cardano shows any weakness around $0.613, we could see the cryptocurrency's bullish momentum "dampened".

Cardano price prediction
Cardano price prediction

Cardano's price action appears to be lagging slightly, leading to concerns about a possible pullback from here.

3. Decentraland (MANA) May Be Gearing Up For a Potential Dip

This one may be slightly more bearish than investors bargained for.

According to Ali, since June 2023, the TD Sequential indicator has been predicting sell scenarios on MANA's weekly chart a little too well.

MANA's prediction
MANA's prediction

Ali stated plainly, that this indicator is now showing a sell signal, and that MANA may be preparing for a price correction.

According to CoinMarketCap, this prediction is already happening.

MANA's price performance
MANA's price performance

MANA is down by about 4% over the last day and by 7.22 over the last week.

This means that investors should stay away from MANA for now, at least until it starts to show some bullish signals again.

4. Incoming Price Explosion on VeChain?

Referring to VeChain as the "forgotten Chinese Ethereum", Ali opined that the cryptocurrency is displaying similarities with the consolidation phase we saw in 2018-2020.

VeChain price prediction
VeChain price prediction

If this is anything to go by, Ali says that VeChain could break through the $0.033 resistance within the next two weeks, putting the cryptocurrency's price at a 150% price increase to $0.077 by late January.

VeChain's price performance
VeChain's price performance

According to CoinMarketCap, VeChain currently trades at $0.029 and is up by 7.5% over the last day.

5. This Will Happen If Shiba Inu Breaks Above $0.000011

According to Ali, Shiba Inu has been trading inside a descending channel since 2022.

CoinMarketCap data shows that Siba Inu currently trades at around $0.000009641.

Shiba Inu's price performance
Shiba Inu's price performance

Ali also says that the $0.000011 zone is an important level to keep an eye out for, because a "decisive weekly close" above this level may mean that Shiba Inu is finally ready to retake $0.000014.

Shiba Inu's price outlook
Shiba Inu's price outlook

Ali also warns that any price weakness in Shiba Inu's standing may result in a dip straight down to $0.000008 before Shiba Inu reattempts this bullish breakout.

In essence, this presents a "double-edged" argument for the future of Shiba Inu.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.

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