READING NOW These 3 Altcoins Are Locked in Targets: Bulls Are Getting Ready to Run!
Crypto analyst David expects 100 percent performance from FITFI. Analyst Danielle du Toit predicts that the price of the leading altcoin will rise in the near future. Analyst Ibrahim Ajibade predicts that XRP will head towards the 2023 peak.
FITFI price prediction: Altcoin has 100% upside potential!
Step App (FITFI) price has moved above its long-term trading range. It is possible that it will continue to rise in the near future. The altcoin price has been trading in a range between $0.0030 and $0.0063 since June 10. It has tested both the support and resistance levels of the range multiple times. Thus, he confirmed the validity of the range. After the fifth breakout attempt in mid-November, FITFI price finally broke above the range in the following days. This indicates that the previous downtrend has ended. It also signals that FITFI may have started a new uptrend.
Meanwhile, the daily RSI (Relative Strength Index) has broken above the descending resistance line. Additionally, it is trending upwards, supporting the potential for further increases. If the upside momentum continues, the key resistance level to watch for FITFI is $0.0017, which represents a 102.05% upside from the current price.
FITFI daily chart. Source: TradingViewThe most likely scenario shows that the FITFI price will continue to rise in the near future. The nearest target is $0.012. Additionally, there is also the potential for the altcoin price to reach $0.017. However, this bullish view will be invalidated if the price breaks below the previous range resistance at $0.0063.
ETH price prediction: $2,300 remains on target
Leading altcoin Ethereum (ETH) has experienced a slight decline over the last 24 hours. Despite this, it managed to stay above the psychological 2 thousand dollar limit. This latest drop in the price of the cryptocurrency does not tell the whole story. Because its weekly performance is still in the green. From a technical perspective, ETH managed to break out of the short-term negative price channel that formed on its charts in the last two weeks. This happened after the altcoin bounced from the $1,945 support level for the last 3 days. Following this recovery, ETH’s price increased by more than 6%, allowing it to trade above the $2,065 barrier at the time of writing.
ETH daily price chart. Source: TradingViewIf ETH closes today’s daily candle above this important mark, it may have the basis to rise to the next threshold of $2,300 in the next two weeks. Conversely, if it makes a daily close below $2,065 today, it is possible that the altcoin price could drop to $1,945 in the short term.
However, technical indicators on ETH’s daily chart support the bullish scenario. Moreover, it shows an increase in the strength of the bulls. The first indicator to pay attention to is the Relative Strength Index (RSI) indicator. The RSI line is trying to break above the RSI Simple Moving Average (SMA) line. If these two lines cross, it will trigger a significant bullish technical flag. It is possible that traders will also react positively to this potential crossover, as it is generally a signal that the bulls have the upper hand over the sellers. In addition, the MACD line is approaching the MACD signal line. When the MACD line crosses the Signal line, it indicates that the positive trend of ETH continues. This confirms that the altcoin has started its journey towards $2,300.
XRP price prediction: Altcoin may peak in 2023!
XRP witnessed capital inflows of $88 million in the last 72 hours. This puts XRP, which is defending the $0.60 region, on an upward trajectory. On the daily time frame, the Bollinger Band technical indicator also shows that the XRP price will begin an upward move towards $0.70. As you can see below, XRP is trading below the middle band or simple moving average of $0.64 at $0.62.
This alignment shows that XRP is still far from entering overbought territory. Traders often interpret this as a bullish signal. Because it shows that XRP is in good shape for further rises. However, it is possible that the bulls face significant resistance at the upper Bollinger band at $0.70. A decisive break above this range could see the XRP price hit a new 2023 high.
XRP price chart. Source: TradingViewOn the downside, it is possible for the bears to defeat the altcoin price prediction if they manage to break below $0.55. However, the support buying wall around the lower Bollinger Band at $0.57 will likely prove daunting.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.
