Crypto analyst David says CFG is poised for a strong rally. Analyst Valdrin Tahiri states that XLM is at a crossroads and talks about a 40 percent jump. The analyst nicknamed Ergag Crypto predicts that XRP will make a similar move in the short term. The analyst nicknamed Crypto Jon predicts that the price of an altcoin, which has been booming recently, will continue to rise.
CFG price prediction: Could the altcoin stage a strong rally?
Centrifuge (CFG) price broke out of a long-term range. Additionally, it is currently trading in a short-term bullish formation. It is possible that the altcoin price will continue to rise in the near future. CFG price has been trading in a range between $0.17 and $0.45 since late April 2022. The price has repeatedly confirmed both the support and resistance levels of this range. After forming a higher low at the end of August 2023, the CFG price broke above the range with a large bullish candle during the week of November 6-12. This indicates that the breakout is valid.
Currently, the price is in the process of confirming the resistance of the range as support (blue arrow). If successful, it will indicate that the previous downtrend has ended and the CFG price may have started a new uptrend. Following this, it is possible for the altcoin price to rise to the next long-term resistance zone at $0.85, which is 74.87% higher than the current price. The weekly RSI (Relative Strength Index) is above 50. Additionally, the RSI has an upward trend. This supports the potential for further upside movement.
CFG weekly chart. Source TradingViewXLM price prediction: What’s next?
The daily time frame does not provide a clear direction for the future trend of Stellar (XLM) for now. On the bullish side, the altcoin price broke out of a descending resistance trend line on October 20. Moreover, it reclaimed the $0.11 area shortly after. However, XLM price was rejected by the 0.382 Fib retracement resistance level at $0.138 (red icon) and formed a long upper wick. Thus, XLM price almost fell to the $0.11 horizontal support area.
Similar to the weekly time frame, the daily RSI is uncertain as it is currently at 50. Therefore, the reaction to the $0.11 area is crucial for the future XLM price prediction. A bounce in the support area could initiate a 40% increase towards the 0.618 Fib retracement resistance at $0.161. If XLM price turns down from the $0.11 zone instead, it could catalyze a 35% decline to the next closest support at $0.078.
XLM Daily Chart. Source: TradingViewXRP price prediction: Altcoin will rise 40%!
Ripple (XRP) recently dropped to $0.59. Thus, it witnessed an overall market correction. It recovered somewhat in the following days. Despite this, it barely managed to reach the $0.61 level. This is far from the $0.70 level seen at the beginning of November.
Some cryptocurrency analysts are still bullish on Ripple’s future. These analysts suggest that XRP may rise in the near future. One of them is Ergag Crypto, a popular analyst. The analyst suggests that XRP will soon experience a mega pump. The analyst’s altcoin price prediction shows a 40% climb to $0.85 in the coming months. Additionally, the analyst warns enthusiasts to enter the ecosystem while remaining cautious about XRP price movements.
KAS price prediction: Will the rise continue?
Kaspa (KAS) is a new blockchain that aims to be the fastest and most scalable in the industry by using a new blockDAG (directed acyclic graph) structure in conjunction with a Proof-of-Work (PoW) consensus model. As a result, the Kaspa network has the ability to perform almost instantaneous transactions with high efficiency. Crypto YouTuber Crypto Jon predicts that KAS will soon experience another surge due to the increased interest and awareness surrounding the project.
Meanwhile, cryptokoin.com As you follow from , KAS has increased by 166% in the past 30 days. Moreover, the altcoin price saw a phenomenal rise of 1,785.6% on a yearly basis. According to Crypto Jon’s prediction, it is possible for KAS to rise to $0.2033 in the coming months. The token was trading at $0.13 at the time of writing. This means an increase of approximately 70%.
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.
