These 4 Altcoins Will Continue Rally: Analysts Identify Targets! - TechnoPixel (2024)

READING NOW These 4 Altcoins Will Continue Rally: Analysts Identify Targets!

Crypto analyst David says ENJ is poised for a 50 percent rise. Analyst Sahana Vibhute charts an upward trajectory for SOL and a Solana-based altcoin. Popular analyst Michael van de Poppe expects a strong move from Ethereum.

ENJ price prediction: Altcoin is preparing for a 50% increase

Enjin Coin (ENJ) price has been trading in the range of $0.24 to $0.5 since November 2022. He confirmed the validity of the range by testing both the support and resistance of this range several times. In August 2023, the ENJ price fell below the range. Thus, it signaled that the long-term downward trend would continue. However, this turned out to be a false breakout (green ellipse) as the price consolidated below the support of the range and retraced it during the week of October 23-29. Such divergences are considered bear traps and are often followed by strong upward moves.

Indeed, ENJ price has risen from the range support over the last 5 weeks (green arrows). The altcoin is currently forming a bullish candle. The weekly RSI is up from the 50 level. It is also upward sloping, supporting greater earning potential. If the price continues to rise, the key resistance to watch will be the range resistance at $0.5, which is 47.99% higher than the current price.

ENJ weekly chart. Source: TradingView

SOL price prediction: $90 and $100 on the horizon!

The altcoin price has triggered a healthy recovery from the interim lows. Thus, it broke above significant resistance. This shows that the token started with a small bull run. The price may find its way out to reach a 3-digit mark. However, it is possible that the nearest resistance, which is only 10% away from current levels, will prevent the rally from expanding.

The uptick in the trend indicates a decrease in selling volume and pressure, which can be attributed to increased strength among the bulls. The fact that the price reached its highest level since May 2022 after a 3-week cooldown shows that the price is ready to reach $100 in the coming days. The altcoin broke the important $71 resistance. That’s why indicators like RSI and MACD are currently giving bullish signals for SOL. However, another 30% upside is possible with a price target of around $90. However, $60 could act as a strong support in case of a bearish reversal.

BONK price forecast: Strong upward trend continues

After breaking the bearish trend it has carried since the beginning of the year, BONK price has continuously printed large bullish candles. Even though the price faced a minor pullback, the bulls continued to establish a major dominance that kept the price above gains. Now the volume has turned in its favor. Therefore, it is possible that the rise will continue until the end of the month.

The altcoin price is trading in an expanding channel, which is generally considered bearish in the long term. However, a good rise may be imminent in the short term. BONK price has gathered significant volume, which could help the price maintain an upward trend until it reaches the decision level of around $0.0000527.

ETH price prediction: The leading altcoin will break $ 3,000!

Famous cryptocurrency analyst Michael van de Poppe expects strong moves from ETH. The analyst predicts that it will soon rise against the market leader Bitcoin (BTC). Van de Poppe states that the best time to turn to altcoins is 3-8 months before BTC’s halving event. As you follow on Kriptokoin.com, the next halving event will take place in April 2024. Therefore, the analyst states that now is the best time to accumulate altcoins. Moreover, he predicts that ETH could rise above $3,000 in the first quarter of next year.

The 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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