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As the cryptocurrency market gains new momentum, analysts shared their targets for 3 altcoins where they see strong upward potential.
READING NOW Analysts Give Targets: These 3 Altcoins Are Set to Explode!
According to crypto analyst David, STG has 100 percent potential to explode soon. Popular analyst Michael van de Poppe expects an explosive move from XCAD. The analyst nicknamed Kaleo marks the critical level for STX and predicts that the altcoin price will rise from now on.
STG price prediction: Altcoin may rise by more than 100%!
Stargate Finance (STG) price has formed a bullish pattern on the monthly timeframe. Moreover, it successfully confirmed the previous important resistance as support. It is possible that it will continue to rise in the near future. The monthly chart shows that STG price has been trading in a range of $0.38 to $1.2 since May 2022. The price confirmed the validity of the range by testing the support and resistance of this range several times.
In October, a doji star candle formed at the support level of the range. Later, the altcoin price formed a morning star formation in November (green circle). This is a bullish pattern that typically appears at the end of a downtrend. It is more important when it occurs in a monthly period. If so, STG price may have started a new uptrend towards the top of the range at $1.2. This figure represents an increase of 104.58% from the current price.
STG monthly chart. Source: TradingViewThe most likely scenario shows that the STG price will continue to rise in the near future. The nearest target is $0.71. There is also the potential for the altcoin price to reach $1.2. This bullish view will be invalidated if the price breaks below the $0.52 support zone.
XCAD price prediction: Preparing for a rally towards $3.00
Popular analyst Michael van de Poppe says that the XCAD Network (XCAD) price may soon start to rise as the altcoin market starts to break up and change its trend. First of all, the analyst emphasizes the importance of XCAD breaking the strong $1.50 resistance. If XCAD breaks this level, Van de Poppe predicts that the altcoin will likely target $2.05. He states that in case of extreme rise, XCAD has the potential to rise even to between $2.75 and $3.00.
The markets are breaking up and #Altcoins are shifting their trend.
So is $XCAD. Market cycle starts to trend up in which a break of $1.50 is crucial.
If so, then in this stage we can see $2.05 or even $2.75-3.00 as next. pic.twitter.com/b1DKSMxnUM
— Michaël van de Poppe (@CryptoMichNL) December 1, 2023
Considering XCAD’s 24-hour performance, Van de Poppe’s prediction for the altcoin appears to have some merit. According to the latest data, XCAD has seen its price increase by around 2% over the past day.
STX price prediction: If the altcoin breaks this level, it will fly!
Cryptocurrency analyst pseudonymous Kaleo says he believes the price of Stacks (STX) could “fly” soon. However, the analyst points out that STX price must surpass the $0.80 level to start rising. Kaleo warns that there may still be slight declines in the altcoin price once it crosses $0.80. However, he sees these dips as an opportunity to buy before the altcoin price rises.
$STX should fly when it clears $0.80
Might see a bit of a pullback before it does it, but any dips before it breaks above that resistance are for buying
Send it with me here: https://t.co/32dHnZIFxS pic.twitter.com/xdk5NlDh7C
— K A L E O (@CryptoKaleo) December 2, 2023
Meanwhile, at press time, STX was trading at $0.7677. This means it needs to gain some altitude to surpass the critical $0.80 level. However, the token briefly exceeded this level during the day and reached $0.81. Therefore, STX is trading in what analysts consider buy territory.
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.
TagsaltcoinCryptocurrencyKaleomichael van de poppeStacks (STX)
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