Crypto analyst gives his outlook for 4 Altcoins

The crypto market seems to be regaining height since the beginning of the year. Some Altcoins are gradually climbing back up after hitting their DIPs. Price forecasts could be positive for some tokens, estimates this crypto analyst. He analyzed FTM, XRP, Cardano and Solana, cryptos that have shown a bull market phase in the last seven days.

4 Altcoins in a bull run

The crypto analyst, which is using the pseudonym Cred, updated the outlook on FTM, XRP, Cardano and Solana. These are four Altcoins that have seen bullish action over the past seven days. In a new strategy session, he explains to his 49,200 YouTube subscribers the future trends in the market. XRP could see a continuing bull run as long as it is above previous resistance at $0.414. XRP has risen nearly 10% in the past week.

As for Cardano (ADA), Cred says the 7th largest crypto-asset by market cap is following technicals. This Altcoin could then revisit its 2023 high (+0.42%) that it reached in February. “If that fails, we can simply define a range of this thing with a midpoint of $0.50 and a range of $0.40 to $0.60,” he says in his outlook. He adds “However, I believe that our trading range for the near term is about between $0.35 and $0.42.”

This Ethereum rival might explode by 90%

Regarding Solana (SOL), the 12th largest crypto by market cap, is forming a double-bottom after successfully holding support at $20. According to Cred, this altcoin is still range bound with support at $20. The latter is a midpoint of the range at $23 and resistance at $26. This is a sort of recovery from the low range as long as daily closes don’t fall back below $20-21.

Finally, Cred believes FTM looks bullish provided it stays above its previous resistance at $0.43. The analyst suggests a 90%+ bull run for this Ethereum (ETH) competitor Altcoin. Today, Fantom is trading at $0.45.