Crypto analyst David expects the LINK price to rise further in the coming period. Analyst Valdrin Tahiri says WLD has exited the corrective formation and is ready to rise. Crypto analyst Ibrahim Ajibade sees bull signals for the altcoin due to whale movements in BCH.
Chainlink price prediction: A strong increase is possible
LINK price has been trading in the range of $5.5 to $9.5 since May 2022. When the price is in a range, traders tend to buy when it falls to support and sell when it reaches resistance. As a matter of fact, traders have actively defended the support of this range over the past few weeks. They are currently in the process of forming a large bullish candle.
The weekly RSI indicator has formed a higher low. Additionally, it reclaimed the 50 level. This shows that the bulls are coming back. If the uptrend continues, it is possible for the altcoin price to rise to the horizontal resistance level of $8.3. Breaking this level will help LINK price rise to the resistance of the range at $9.5.
LINK weekly chart. Source TradingViewTechnical indicators show that LINK price will move higher in the near future. The nearest target is $7.7 and a higher target is $8.3. However, the bullish view will be invalidated if the altcoin price breaks below the recent low of $6.06.
Worldcoin price prediction: Altcoin broke out of corrective formation
Since July 24, WLD price has experienced a decline, taking place within a descending parallel channel. Both the upper resistance and lower support lines have been confirmed repeatedly. These channels are considered corrective patterns, meaning they often lead to a crash. In more recent developments, on September 7 the altcoin price was rejected by the resistance line of the channel (red icon). This marked the beginning of a downward trend that led to the all-time low price of $1.02 on September 12.
However, WLD price has increased since then and exited the channel on September 15. This is a sign that the correction is complete and a new upward move has begun. WLD reached a high of $1.72 the next day. Although the price has fallen since then, it is still trading well above the breakout level. The six-hour RSI supports a continuation of the rise. The indicator is above 50 and increasing. Therefore, both indicate that the altcoin price is on the rise.
WLD Six-Hour Chart. Source: TradingViewIf the upward movement continues, it is possible for the price to increase by another 50%. Thus, WLD is likely to reach the $2.10 resistance area. However, if the rally loses momentum, a 25% drop to the channel resistance line at $1.08 is likely.
BCH price prediction: Bull whales could target $300!
From an on-chain perspective, it is possible that whales could trigger another BCH price rally towards the $300 region, especially if the upcoming Fed interest rate announcement triggers a positive reaction in the crypto market. In/Loss Around Price data showing the purchase price distribution of current Bitcoin Cash holders also confirms this bullish thesis.
It suggests that if BCH price clears the initial resistance near $245, the bulls will gain momentum to push $300. As you can see below, 509,780 addresses have purchased 1.68 million BCH at the maximum price of $246. This creates the biggest resistance cluster on the way to $300. However, if the outcome of the Fed meeting increases whales’ optimism, it is possible for the BCH price rally to overcome this obstacle. Thus, they are likely to reclaim the $300 level for the first time since July 2023.
Bitcoin Cash IOMAP data. September 2023. Source: IntoTheBlockConversely, if the altcoin price drops below the $180 level, the bears are likely to gain control. However, 162,580 addresses have purchased 2.08 million BCH at a minimum price of $211. These addresses can provide significant support, especially if individual investors also participate in the price rally. Although unlikely, it is possible for BCH to eventually drop to $180 if the $211 support level collapses.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.comAs, we strongly recommend that you do your own research before investing.
