Bitcoin bulls reached over $47,000 on March 28. Let’s examine the current price predictions for ADA, ApeCoin, ZEC, ETH and NEAR from the altcoin market accompanying the rise.
Altcoin Sherpa updated his forecasts on ApeCoin, Cardano and Zcash
The pseudonymous analyst known as Altcoin Sherpa says Cardano (ADA) may still rise. According to the analyst, ADA can at least continue to run to a critical resistance before it encounters sellers:
$1.25 minimum revenue in my opinion. There could be a pullback and shorts could aim higher.
Next up is the decentralized application (DApp) platform Near. Altcoin Sherpa says that after consolidation around $12, NEAR could rally 30% to $16 later before targeting $20:
The plan is the same: wait for consolidation in a high range around $12 and then BTC Aim for $16 as long as it holds steady.
Meanwhile, Sherpa said that ZEC is ready to continue its recent rallies strongly and will ultimately rally 25% above its current price at $206:
There is no clear trend for ZEC. It still looks great and I think it eventually goes for $250.
Apecoin pushes critical resistance again
Finally, analyst’s eye is on ApeCoin, an altcoin created for the NFT community of the Bored Ape Yacht Club . According to the analyst, although the APE looks healthy, it may be preparing for a double top formation before correcting.
What’s next for Bitcoin (BTC) and Ethereum (ETH)?
The next analyst, Pentoshi, said in his current analysis that he expects Bitcoin to continue its upward trend until BTC’s annual opening starts at $46,000:
I’m still waiting to see how prices open yearly. When I aimed before, we fell short, but we came very close. Although this time it looks better for BTC.
Pentoshi also says it’s closely monitoring the impact of buying pressure from Terra (LUNA) co-founder Do Kwon. According to Pentoshi, Terra’s massive Bitcoin accumulation could ignite the next leg of BTC’s bull market:
2,500-3,000 BTC removed daily for a long period = massive impact. The short ones have to cover more at some point as the supply itself dissipates. What is scarce becomes more.
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