Crypto analyst David expects a 50 percent increase in the SUI price in the short term. Analyst Valdrin Tahiri predicts a similar move for Solana. An analyst nicknamed Dark Defender predicts a run beyond $1 for XRP. Crypto phenomenon Ben Armstrong draws attention to the developments in the leading altcoin rival Cardano and expects an explosion.
SUI price prediction: It may increase by 50% in the near future!
Sui (SUI) price has broken out of a long-term formation. Thus, it confirmed the previous important resistance zone as support. It is possible that it will continue to rise in the near future. The altcoin has been trading in a falling wedge since June 10, 2023. This is a bullish pattern that leads to breakouts in most cases. In fact, the SUI price broke above the wedge formation on October 28, marking the end of the downtrend.
The price then continued to rise and climbed above the key $0.51 resistance zone. Yesterday confirmed this zone as support (green arrow). Additionally, it formed a bullish engulfing formation. This indicates that the altcoin price has started a new uptrend. The daily RSI has created a hidden bullish divergence and is above 50. This supports greater earning potential. If so, the next key resistance zone to watch for SUI is the top of the $0.87 wedge formation, which is 50.63% higher than the current price.
SUI daily chart. Source: TradingViewSOL price prediction: Will the altcoin price rise again?
A closer look at the daily time frame wave count reveals a positive outlook. Beginning in June, SOL appears to have begun a five-wave upward move (white). In it, the third wave expanded, which was 2.61 times longer than the first wave. If the count is correct, the SOL is currently in the corrective fourth wave. It is unclear whether the fourth wave is over or whether the price will correct further. If it corrects, it is likely to move back towards the long-term $48 support area before bouncing back.
Meanwhile, the count shows that the trend is still up and the SOL price will rise again. A SOL upward move above the yearly high of $68.4 would confirm the bullish count. This could trigger a 50% rally to the next resistance at $86.20.
LEFT Daily Chart. Source: TradingViewXRP Price prediction: $0.88 by the end of November!
Ripple (XRP) has remained in a consolidation phase within a macro pennant formation since 2018. Now, according to analysts, it is ready for a significant price movement. The altcoin price is showing signs of gaining momentum, as supported by historical data. In addition, as you follow from Kriptokoin.com, Ripple recently achieved major milestones such as obtaining money transmitter licenses in the US and various international jurisdictions.
The crypto analyst nicknamed ‘Dark Defender’ predicts that XRP will reach $0.88 by the end of this month or early December. Moreover, he expects XRP to reach $1.05 soon if the altcoin price continues its upward trend. In this context, the analyst explains his prediction as follows:
Hello everyone. We recently discussed that the correction for XRP is over and $0.6649 is targeted. I previously shared the $1.05 target. Now I am sharing the structure for the first time. I expect and base XRP to reach $0.67 by tomorrow at the latest. Then a minor correction and then, the path to $0.8888 and $1.0507.
Hi there all. We recently discussed the correction is over for #XRP & again targeted for $0.6649.
I shared the $1.05 target before; now it is the first time I have shared the structure.
I am expecting and basing this $XRP to hit $0.67 by tomorrow at the latest.
Then a small… pic.twitter.com/fYCV8hYrXY
— Dark Defender (@DefendDark) November 23, 2023
ADA price prediction: Altcoin price explosion is possible!
Cryptocurrency analyst and influencer Ben Armstrong shared in one of his latest videos that he believes Cardano (ADA) may experience a price explosion soon. Armstrong says the Midnight Network giant will be one of the catalysts that causes a jump in the price of ADA. Armstrong states that Midnight’s privacy-centered approach will be very attractive to investors. He predicts that the new DUST token introduced alongside the Midnight Blockchain will attract the most attention. Meanwhile, rumors of a possible DUST airdrop have already started circulating within the crypto community.
Armstrong emphasizes that following new token launches and airdrops, individuals often start working really hard to earn some of the airdropped tokens. This happens through using the network, becoming a tester, assisting with transactions and making purchases. According to the analyst’s theory, this will not only have a positive impact on the price of the airdrop token DUST, but will also push up the price of the underlying token. In this case, the underlying altcoin is ADA.
ADA 1-day price chart. Source: TradingViewThe opinions and 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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