Crypto analysts Aaryamann Shrivastava, Abiodun Oladokun, and Victor Olanrewaju have made different predictions regarding AAVE, HNT, and ZEC. Here are the details of the predictions for these three altcoins:
AAVE Price Prediction: Is There Upside Potential?
Aave (AAVE) is currently trading at $105 and is trading inside an expanding ascending channel. This pattern is characterized by two trend lines diverging from each other, creating higher highs and lows. It usually signals the possibility of a reversal or continuation of the current trend. AAVE confirmed this pattern by strengthening it during the rally in late July. A breakout of $124 is currently expected, which could lead to a 30% rally. However, AAVE will need to hold $116 as support for this scenario to play out. A breach of this level is possible, as these levels have been tested as resistance before. If this support is not maintained, the altcoin could continue to consolidate between $116 and $89.
HNT Price Prediction: The Struggle Between Buyers and Sellers
Helium (HNT) has been trading within an ascending channel since August 4. This pattern is a bullish signal where the price moves between two parallel lines sloping upwards. HNT’s price has increased by over 50% since it crossed into this pattern. If the buying momentum in the DMI and CMF indicators continues, HNT is likely to recover and reach the $7.00 level. However, if the selling pressure increases, HNT’s price could fall to $6.01.
ZEC Price Prediction: Reaching New Highs?
On-chain analytics platform Santiment shows that the Weighted Sentiment around Zcash (ZEC) is increasing. This metric measures sentiment around a project using social volume. A positive Weighted Sentiment indicates that comments are generally bullish, while a negative one indicates bearish. This reading for ZEC appears to have dipped on August 13, but the price is starting to recover. This suggests that investors have a positive view on Zcash’s short-term price performance. In terms of technical analysis, the daily chart reveals that ZEC has been forming Lower Highs (LH) since July. This suggests that the price is offering strong support as it moves higher. Furthermore, on July 14, the 20-day EMA (blue) broke above the 50-day EMA (yellow), forming a ‘golden cross’. This pattern usually confirms a bullish outlook and strengthens ZEC’s upward momentum. The potential for further gains is indicated by the shorter EMA continuing to cross over the longer one. If this trend continues, the price of ZEC could rise to $46 in the short term. However, if profit taking increases, the value of ZEC could drop to $36.74.
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