According to crypto analyst David, STG is showing short-term bullish signals. Analyst Akash Girimath says meme coin FLOKI is paving the way for a 30 percent rally. Additionally, the analyst sees bulls in the bigger picture of leading altcoin Ethereum rival Solana.
Stargate Finance (STG) price prediction: A strong rally is coming!
STG price has declined since being rejected at the $0.71 resistance level in the week of August 7-14 (red arrow). This move led the price to decline below the $0.52 support level. It also caused the altcoin price to fall back to the previous resistance zone of $0.44-0.45 on September 11.
The price has since recovered and is currently forming a morning star candlestick formation (green ellipse). This is a bullish formation. It usually occurs at the end of a downtrend. This week’s candle completes when it closes above the previous week’s high of $0.47. If successful, it is possible for the altcoin price to retest the previous support zone of $0.52. Regaining this area could push STG price towards a strong resistance zone at $0.71.
STG weekly chart. Source: TradingViewThe most likely scenario shows that the STG price will increase in the coming days. The nearest target is $0.50 and the potential upside is $0.54. For the altcoin, a break above $0.54 could lead to a significant increase towards $0.71.
Floki Inu (FLOKI) price prediction: Altcoin is preparing for a 30% rally
As you follow from Kriptokoin.com, FLOKI price increased by 20% on September 30. In this move, it reached a high level of $0.000196. However, profit taking caused the altcoin to close at $0.000164. That’s about 6% lower than the high it marked recently. Regardless of the daily candlestick close, the altcoin price remains in a very bullish spot. The breakout rally ended the September consolidation phase. It also pushed both the Relative Strength Index (RSI) and the Awesome Oscillator (AO) to move above their respective average levels.
If buyers can maintain their stance and holders can avoid profit booking, the increase in bullish momentum could push the Floki Inu price to the next target at $0.00000233. This move will result in a gain of approximately 30% for the altcoin. It will also likely be where a short-term local top could form.
FLOKI 1-day chartOn the contrary, if the recent Floki Inu price rally is a ‘pump-and-dump’, things change. In this case, the likely direction the meme coin will go next is south. In such a case, the bullish thesis will be invalidated if the altcoin makes a daily candlestick close below the $0.0000160 level. It’s possible that this move will also attract fringe sellers. It is also likely to potentially trigger a 5% correction below post-9/11 lows.
Solana (SOL) price prediction: Bulls are in the big picture!
The altcoin price is trading at $21.2 after a three-day decisive candlestick close above the 13-day, 25-day, and 30-day Exponential Moving Averages (EMA) in the $20 region. This move also formed a higher high from the September 19 high of $20.54. Solana’s price action is bullish. Additionally, momentum indicators Relative Strength Index (RSI) and Awesome Oscillator (AO) are also showing signs of improvement.
The initial target for SOL traders is the $25.8 level, which is roughly 22% upside from the current level. However, the $25.8 barrier is key from a long-term perspective. Turning this hurdle into a support base on the three-day chart could catalyze a 43% rally in the altcoin price to $37.1. This move would generate a 76% gain from the current level.
SOL 3-day chartFor Solana, the optimistic outlook makes sense. However, given recent price movements and momentum indicators, investors need to be cautious. A sudden increase in selling pressure and a three-day candlestick close of SOL below the $17.5 support level would create a lower low and invalidate the bullish thesis. In such a situation, it is possible for the altcoin price to drop by approximately 15%. Thus, SOL is likely to revisit the $14.9 level.
The predictions in the article belong to the analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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