Analysts Give Targets for These 4 Altcoins: It’s Time to Run!

Crypto analyst David says KAVA is on an uptrend. Analyst Valdrin Tahiri marks a critical level for MATIC and expects a strong move once it is breached. Additionally, the analyst is pointing higher for the booming ORDI. Popular crypto analyst Ali Martinez, on the other hand, marks a level in the upward trajectory of leading altcoin rival ADA.

KAVA price prediction: Altcoin is positioned to rise!

KAVA price has been rising since it bounced out of the long-term support zone at $0.55 on October 16. During this upward move, the price climbed above the $0.74 resistance zone. Thus, it has confirmed this zone as support for the last 3 weeks (green arrows). The $0.74 area is important as it provides support for the altcoin price from February to July 2023. Therefore, its recovery indicates that market sentiment is on the rise.

Meanwhile, the weekly RSI has turned the 50 level as support. It also shows an upward trend, supporting the possibility of the trend turning upward. Therefore, KAVA price could rise to the next resistance zone at $1.17. This means an increase of 37.62% from the current level.

KAVA weekly chart. Source: TradingView

The most likely scenario sees KAVA price breaking above the nearest horizontal resistance at $0.85. Besides, the altcoin price has the potential to rise to the next targets at $0.98 and $1.17. This perspective will be invalidated if KAVA price breaks below the key $0.74 support zone on the weekly time frame.

MATIC price prediction: Will it boom or bust?

While the daily time frame is also showing some contradictory signs, it is still in an upward trend. This is due to price action and RSI. Price action shows Polygon (MATIC) breaking out of a descending resistance trend line on October 22 and reaching a high of $0.98 on November 14. However, the altcoin could not sustain its price increase. Thus, it soon fell below the $0.85 area. This shows that the previous increase was an aberration (red circle).

However, MATIC price regained its footing and is trying to break out of the $0.85 resistance area again. This initiative is also supported by the daily RSI, which has jumped at 50 (green icon) and is rising. If MATIC rises above $0.85, it could rise by 45%. In this case, the altcoin price will reach the next resistance at $1.25.

MATIC Daily Chart. Source: TradingView

Despite this bullish MATIC price prediction, a rejection from the $0.85 area could lead to a 20% decline to the 0.618 Fib retracement support level at $0.67.

ORDI price prediction: Is $100 on the cards for the altcoin?

Technical analysts use Elliott Wave theory to identify recurring long-term price patterns and investor psychology. This pattern helps them determine the direction of a trend. The most likely count has ORDI in the fifth and final wave of an upward move that began in September. The most likely area for the top of this wave is $116. This gives the fifth wave 0.618 times the length of the first and third waves. If the fifth wave extends, it is possible to reach the resistance of $ 177. This fifth wave is the same length as the first and third waves. The first target for the altcoin would correspond to an increase of 110%, and the second to an increase of 220%.

ORDI Daily Chart. Source: TradingView

Despite this bullish ORDI price prediction, a break below yesterday’s low of $41.80 would mean the price is still correcting. In this case, it is possible for the altcoin price to drop to the nearest support at $18.50. This means a 60% decrease for ORDI.

ADA price prediction: $0.75 on the horizon!

Popular cryptocurrency analyst Ali Martinez predicts that Cardano (ADA) will soon surpass the $0.45 resistance. The analyst notes that ADA is back on track with the recent price action seen during the 2018-2020 upward trajectory. According to the analyst, if current levels are maintained, the altcoin may rise to $0.75 by the end of December.

Meanwhile, ADA was trading at $0.438, down 0.68% over the last 24 hours. Notably, ADA managed to break through the $0.45 resistance level highlighted in Ali’s post throughout the past trading day. CoinMarketCap data showed that ADA recorded a 24-hour high of $0.4545. The altcoin price has lost ground since then. Despite this slight correction, ADA was still trading closer to this peak than its daily low of $0.4233.

Source: Ali Martinez

The predictions and opinions in the article belong to the analysts and are definitely not investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.