Crypto analyst Victor Olanrewaju charts an upward trajectory for the leading altcoin. Analyst Tiago Amaral talks about a route to a new all-time high for RAY. Popular analyst Michaël van de Poppe, on the other hand, expects a breakout rally from LINK.
ETH price prediction: What levels are in orbit for the leading altcoin?
On the daily chart, Ethereum price is on the verge of falling below $2,500. Although this situation persists, the support near $2,345 is likely to help the altcoin recover. However, if this happens, ETH will have the $2,790 resistance to struggle with.
As we see below, the Balance of Power (BoP) indicator has jumped. BoP measures the strength of bulls relative to bears. When the data is low, the bears are in control. But when the BoP rises, the bulls are in control. This appears to be the case at the time of writing. If this situation remains the same, it is possible for the altcoin price to rise to $2,824. In a fairly strong bullish scenario, ETH is likely to rise as high as $3,262. On the other hand, a drop below the support would invalidate this trend. A drop to $2,115 is on the cards for ETH in this scenario.
Ethereum Daily Price Analysis. Source: TradingViewRAY price prediction: Target has the highest price since 2022!
Raydium (RAY)’s EMA lines have all EMAs below the current price. Additionally, shorter-term EMAs are trending above longer-term ones. These also point to a bullish setup for the altcoin. This alignment indicates strong upward momentum where buyers are in control in the short term. If this bull trend continues and the RSI remains below the 70 overbought threshold, it is possible for RAY to break through $3.62, reaching its highest price since 2022.
RAY EMA Lines and Support and Resistance. Source: TradingView.However, if the uptrend reverses, RAY is likely to test the support at $2.94. If this support level fails, it is possible for the altcoin price to continue falling towards $2.65.
LINK price prediction: Altcoin is ready for a breakout!
Chainlink may be approaching a breakout in light of technical indicators and recent developments. The altcoin is moving upwards, forming a triangle. This setup has caught the attention of analysts as LINK approached a key horizontal resistance between $12 and $13. Because, historically, this region has been a formidable barrier to existence. He also had many unsuccessful break attempts here. Popular analyst Michaël van de Poppe said for LINK, accompanied by a chart: “Chainlink is preparing for a significant exit.” he says.
Source: Michaël van de PoppeLINK’s technical analysis shows a strong breakout scenario. Altcoin price tested the resistance level. The RSI remains below the overbought zone. This shows that LINK still has room for an upward move. Additionally, trading volumes support the possibility of continued interest in LINK. However, the MACD indicator shows minimal momentum. The RSI is at 47.88 and reflects a slight bearish trend, indicating a neutral outlook in the short term.
The opinions and predictions 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.
