We are halfway through the first month of the new year and cryptocurrencies seem to have recovered from the nightmarish movements of the last quarter for now. Although the delay in the crypto law caused a slight decrease in the BTC price, investors are hopeful about the rise that started after excessive sales. Well, LEFT, ADA and HYPE What are the predictions for?
ADA Coin and HYPE Price Prediction
new generation DEX the greatest player in the world hyperliquid It is gaining new rivals every day. LIT and Genius joined the game. Last year, Aster also issued tokens with the support of CZ. Genius is also supported by CZ, so the Binance team expects serious growth in the new generation DEX field. This is of course also very positive for HYPE Coin.
Sharing the chart above, Lark Davis pointed out the potential for a rapid recovery after the large drop in ATH level.
“HYPE has corrected over 60% from last year’s ATH.
However, signs of a possible reversal have begun to emerge. The price rebounded to move around the 9-day and 21-day EMAs. Momentum is improving, RSI is trending upward to regain the mid-range and OBV has flattened.
“Although it is still far from a definitive trend reversal, a buying and selling movement is forming here.”
$28 will be the area that confirms the reversal, and closings above this resistance may further stimulate investors’ appetite.
Cardano (ADA) It is also one of the altcoins that took action this year. Martinez shared the chart above and wrote that $0.496 and $0.517 are targeted (in the short term).
“Cardano ADA may be forming a cup and handle formation. If it rises above $0.423, $0.517 may be the target level.”
Solana (LEFT)
Responding quickly to the increases last year Solana (LEFT) has been quiet for a while. SOL Coin, which is seen as the third most attractive cryptocurrency and is on the list right after Ethereum, is at $143 at the time of writing.
Ryan Scott says the big rally will start soon as we see a slow but steady move to $145. His target is $170.
“And now it’s not just good price action, it’s likely the Morgan Stanley ETF is coming and is backed by an army of RIAs that can distribute this at scale.
This is significantly different from most other options currently available. “Morgan Stanley is a wirehouse with a real vending machine behind it, so it stops being treated like just another altcoin and starts being framed as an institutionally packaged asset.”
