Popular Analyst Predicts 20% Further Rally In ADA, DOGE And DOT Prices

Crypto News: Altcoins rise as Bitcoin price holds strongly near the $44,000 level. Some top altcoins including Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Avalanche (AVAX), Polkadot (DOT), and Shiba Inu (SHIB) rallied more than 20% this week. Let’s see how the next coming days and weeks unfold for some of these altcoins.

ADA, DOGE, And DOT Rally To Continue

Popular crypto analyst Rekt Capital shared his analysis on ‘crypto total market cap excluding top 10’ successfully retested the support before rising above $190 billion. This has happened only three times in its history. The global crypto market cap increased by 1.92% to $1.64 trillion.

Also Read: Pro-XRP Lawyer & Bloomberg Analysts Slam US SEC’s ‘Crypto Asset’ Remark

Cardano Can Rally 20%

Cardano (ADA) price has broken out into a more than 60% move this week. ADA is one the way to the resistance (green) at 0.724. He believes any dips to the $0.515 into the orange level would enable a 20% move to the resistance level.

ADA price jumped 21% in the past 24 hours, with the price currently trading at $0.62. The 24-hour low and high are $0.512 and $0.643, respectively. Furthermore, the trading volume has increased by 221% in the last 24 hours, indicating a rise in interest among traders.

Dogecoin (DOGE) Has More 31% Upside

Dogecoin saw a 22% rally this week as it successfully broke above the $0.10 level. Dogecoin is positioned for further upside to $0.12, with the best level to buy under $0.096.

DOGE price jumped 5% in the past 24 hours, with the price currently trading at $0.102. The 24-hour low and high are $0.097 and $0.104, respectively. Also, the trading volume continues to increase, with 23% in the last 24 hours.

Polkadot (DOT) Price Moving Strongly

Polkadot (DOT) price is up more than 52% since the retest, breaking above the red resistance area successfully. He predicts if there’s a dip, DOT would reclaim this area as new support before trend continuation. Notably, DOT has broken into a new macro uptrend and has broken its first major resistance.

DOT price trades at $7.58, up 19% in the past 24 hours and 40% in a week. The 24-hour low and high are $6.56 and $7.67, respectively. Also, the trading volume has increased by 154% in the last 24 hours, indicating a rise in interest.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.