Altcoin Experts Predict Bullish Surges: FET, SOL, and LINK in Focus

Three cryptocurrency analysts predict bullish trends for altcoins FET, SOL, and LINK. Lockridge Okoth forecasts a surge towards $3.48 for FET; Ibrahim Ajibade anticipates a recovery for SOL after breaking through $171 resistance; Aaryamann Shrivastava sees a 25% rise for LINK after crossing $14.6 support.

Altcoin Forecasts: Experts Predict Bullish Moves for FET, SOL, and LINK

FET Price Forecast: Breakout Potential on the Horizon

Fetch.ai (FET) has been trending downward for a prolonged period, indicating a potential breakout opportunity. To facilitate an upward move, the bulls must defend the crucial $1.70 support level.

A rebound above this threshold could enable FET to pierce the downtrend line, transforming the 50% retracement at $1.98 into a support level. A sustained rally may propel the altcoin towards the $2.87 mark, representing a substantial 40% gain. The peak of $3.48, witnessed on March 28, is also within reach.

Conversely, a breach below the $1.70 support could trigger a decline to $1.50 or even retest the psychological level of $1.00. In an extreme scenario, FET may plunge to $0.49, marking a 75% loss from current levels.

SOL Price Forecast: Eyes on $170 Resistance

Solana (SOL) has experienced a modest uptick in the past 24 hours. However, sustained momentum towards $200 requires new participants to capitalize on the low funding rates.

To validate this bullish outlook, SOL bulls must overcome the formidable selling wall at $171, represented by the 20-day SMA. Penetrating this key resistance cluster could pave the way for a further surge towards $200.

Nonetheless, if adverse macro headwinds persist, SOL may consolidate within the $140-$160 range in the short term.

LINK Price Forecast: Ascent to $17 in Sight

Chainlink (LINK) has consolidated near the $13.4 support level, which it has defended for several days. A reversal from this point is a distinct possibility.

A break above $14.6 could trigger a rebound for LINK, pushing its price towards $17. However, the altcoin must navigate the $15.6 resistance on its upward trajectory.

Alternatively, a decline below the $13.4 support may send LINK to $12, as suggested by the descending triangle formation that the altcoin exhibited recently.

Disclaimer:

The opinions and forecasts expressed in this article are solely those of the analysts and do not constitute investment advice. It is imperative to conduct thorough research before making any investment decisions.