Crypto analyst David predicts that MAGIC price will rise further in the near future. The analyst nicknamed Captain Faibik expects a 20 percent move from MATIC despite the whale selling pressure. Analyst Konstantin Kaiser says that the popular meme coin DOGE has a bullish outlook. We have compiled analysts’ predictions for these 3 altcoins for our readers.
MAGIC price prediction: Broke key resistance, what’s next?
Magic (MAGIC) price has been rising since it formed a morning star formation in the long-term support zone (green ellipse) at $0.46 in mid-October 2023. This is a bullish formation. It also often leads to an upward trend reversal. Indeed, the subsequent upward move helped the altcoin price climb above the key $0.78 resistance zone last week. Thus, a bullish engulfing candle was formed. This is a sign that the previous downtrend is over. It also indicates that the price will start a new uptrend.
Meanwhile, the Weekly RSI (Relative Strength Index) is above 50. Moreover, it is trending upward. Therefore, it supports the potential for further upside for MAGIC. Therefore, the altcoin price may rise to the next important resistance zone at $1.08 in the near future. This figure represents an increase of 40.33% from the current price.
MAGIC weekly chart. Source: TradingViewThe most likely scenario shows that MAGIC price will continue to rise in the near future. The potential target for this move is $1.08. However, it is likely to correct further to $0.73 before resuming the uptrend.
Your MATIC price prediction: Altcoin is preparing for a 20% increase
Whales have high selling pressure on Polygon (MATIC). Despite this, Captain Faibik expresses a bullish outlook in the near term. Crypto analyst says MATIC price has formed a falling wedge on the four-hour time frame. It also suggests that this is often followed by a bullish breakout. This positive outlook on MATIC’s short-term price movement is further strengthened by the recent occurrence of a daily “Golden Cross” between the 50 and 200 Moving Averages (MA), accompanied by higher highs and higher lows, characteristic of an ascending trend. is also supported.
$MATIC Falling wedge formation on the 4h timeframe Chart.
In case of breakout, Expecting up to +20% Bullish rally in the Short term.#Crypto #MATIC #MATICUSDT #Polygon pic.twitter.com/KngnP8JBD2
— Captain Faibik (@CryptoFaibik) November 28, 2023
Meanwhile, MATIC has been experiencing a recent decline in altcoin price due to increasing selling pressure from whales. However, optimism remains in the crypto community. Investors and enthusiasts will closely monitor MATIC’s performance in the coming days to see if these bullish predictions from Captain Faibik come true.
DOGE price prediction: Uptrend is strong!
cryptokoin.com As you follow from , Dogecoin’s price reached its lowest point on October 9. However, since then it has experienced a remarkable recovery of approximately 54%. Currently, DOGE is facing a very significant obstacle. Moreover, it is holding at the golden ratio level and is facing a significant resistance at around $0.0815. Breaking beyond this resistance could enable Dogecoin to surpass its recent peak near $0.0876.
Additionally, a positive indicator for Dogecoin’s short- and medium-term trajectory is the formation of a golden crossover on the daily chart. This transition further strengthens the upward trend of the altcoin price. Regarding technical indicators, the Moving Average Convergence Divergence (MACD) histogram has been showing increasingly bullish signs for the past few days. Additionally, the MACD lines are poised to move upwards soon.
DOGE Price Chart. Source: TradingviewHowever, the Relative Strength Index (RSI) remains neutral. At this point, RSI does not give a definitive signal. If Dogecoin faces a decline at the golden ratio resistance, the next important Fibonacci support level to watch lies around $0.0685.
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.
