Key Insights
- Analysts predict an altcoin season as investors move funds from Bitcoin to altcoins.
- Dogecoin, FET, Algorand, DogWifHat, and Litecoin are some of the altcoins with bullish predictions.
- Dogecoin is expected to break out due to a potential price level breakout and a bullish momentum indicator.
- FET and Litecoin are forecasted to reach $10 and $300 respectively, due to its recent price increase and all-time high break.
- Algorand is predicted to rally 400% based on a technical chart pattern, and a mysterious whale just switched from Solana to DogWifHat
Seeing as Bitcoin’s momentum is starting to weaken, analysts all over the internet are beginning to predict an incoming altcoin season.
This makes sense, considering how large investors have been observed, pulling funds out of Bitcoin, and then converting their Bitcoin holdings into altcoins again, as prices decline.
This creates a yin-yang effect of sorts, in which the price of the altcoins experiences upticks after major Bitcoin bullish impulses.
Here are some of the most bullish altcoins to keep an eye out for as this wave approaches, according to top posts on Twitter.
1. Dogecoin Is Set To Breakout Into a Altcoin Bull Market Soon
At the time of writing, Dogecoin trades at around $0.1227.
The memecoin has experienced some bearish turbulence over the last 24 hours, as shown by the snapshot above.
However, over the last week, the cryptocurrency is up by around 47%, indicating that Dogecoin might indeed be waking up.
According to the analyst, Trader Tardigrade, dogecoin has hit a pivotal price level in its price chart and could be poised to rally straight up to new heights.
Trader, Yomi also shared this outlook in a recent tweet, in which they stated that we just saw the Dogecoin Monthly ASO momentum indicator enter a bullish cross for the first time since November 2020.
Based on this outlook, Yomi says that we are in an official Dogecoin bull market.
2. $FET (Fetch AI) Is Set To Hit $10 “In a Matter Of Time”
FET has made its way into these prediction tweets a lot as of late, making it an interesting case study.
As shown by the chart above, the cryptocurrency trades at around $1.66, and is up by around 17% over the last day, and by another $47% over the last week, at the time of writing.
According to CryptoScofield, FET might be on its way to rallying by up to 800% of its original value.
The analyst notes that FET at $10 is “only a matter of time”, along with a chart snapshot showing the cryptocurrency’s most recent break above its $1.68 all-time high.
3. A 400% rally on Algorand? Yes, please!
According to the snapshot below, Algorand currently trades at around $0.221.
This cryptocurrency has been impressive in the weekly timeframe, with a 20% price increase over the last seven days.
On the daily timeframe, however, we might be seeing some kind of consolidation in the cryptocurrency.
According to analyst, Flash, the cryptocurrency has formed a reverse head and shoulders pattern on the weekly chart, and could be poised to approach the “mean take off phase†around $0.4, after which we are bound to see a larger explosion to as high as $0.8.
4, DogWifHat: Does This Whale Know Something We Don’t?
According to a recent tweet from LookOnChain, a whale just withdrew all of their $SOL and bought a massive tranche of DogWifHat.
Overall, the total amount of SOL the whale spent on their WIF purchase is about $2.15 million, as noted by LookOnChain.
Why would anyone dump $2 million in $SOL for a memecoin?
You should know that WIF has turned out to be one of the most explosive memecoins on the market both on SOlana, and overall.
Who knows, this whale might be betting on more massive ROI from WIF than from SOL.
5. Litecoin Is Going To $300
LTC’s performance has been nothing short of disappointing since the Litecoin halving in August 2023.
At the time of writing, the cryptocurrency trades at around $84 and is up by 2% and 23% over the last day and week respectively.
But what if there was reason to believe that a $300 Litecoin was incoming?
Analyst, ZAYK Charts shared in a recent tweet, that we might be at the cusp of a “massive bullish wave†on Litecoin.
The chart shared with the tweet showed a Litecoin path straight up from here, to around $300, which would be more than a 300% price increase from current price levels.
