There is a spring breeze in the cryptocurrency market. Tokens that have been stuck in a narrow band for a long time have finally started to move. XRP attracted attention by exceeding the $1 level with a strong rally after a long break. In the meme coin field, records are coming one after another. In this positive atmosphere, an analyst with a large follower base predicts strong rallies for some altcoins and updates the outlook of an altcoin that is an Ethereum competitor.
DonAlt Points to $1 for DOGE$DOGE
The crypto market rallies continue rapidly, and the leading crypto Bitcoin’s solid stance above $90,000 supports the rise in the altcoin market. The analyst, known by the nickname DonAlt, predicts that the original meme coin Dogecoin (DOGE) could gain about 165% from current levels and reach $1. The analyst comments on Dogecoin’s future: “Will Dogecoin go to $1? Yes, I still think so.”
Meanwhile, Dogecoin was trading at $0.3726 at the time of writing. DOGE, which has gained about 82% in value in the last week, will have to overcome some important resistance levels before reaching $1, according to the analyst. DonAlt makes the following statement on the subject:
“Dogecoin is still very strong. As long as the crypto market remains hot, which I think it will for at least a few weeks, it makes sense to target higher. For example, it needs to break the chest resistance at $0.58 and then $1.”
High Targets for XRP$XRP
The analyst has also been following XRP closely lately. XRP has gained over 92% in the last seven days, breaking above the $1 level at the time of writing. DonAlt states that if XRP continues its current uptrend, its price could rise by up to 300% from current levels and shares the following targets:
“This is a significant breakout right now. If it holds, there’s really not a lot of resistance. So there’s resistance at $1.50, which is 50% up. Then there’s $3.60, which is 350% up. Right now, this presents a pretty clear trading opportunity.”
Situation for Solana (SOL)$SOL
Finally, the analyst weighs in on Ethereum rival Solana (SOL). Solana is trading at $220 at the time of writing, up less than 10% over the last seven days. According to the analyst, Solana is struggling to sustain its rise above $200. However, he notes that if Bitcoin makes a further rally, SOL could join the movement. DonAlt comments on SOL:
“Solana has had one of the biggest ranges we’ve had in recent times, but it hasn’t really done anything. So for now, SOL is not showing an encouraging chart. But still, if it breaks out right and holds the $180 level, it could technically be bullish. But it looks weak relative to most other altcoins right now.”
In conclusion, according to DonAlt’s analysis, the upside potential for DOGE and XRP is quite high, but Solana is currently performing poorly. Continuation of rallies in the crypto market could create positive momentum for altcoins like DOGE and XRP.