Crypto analyst Lockridge Okoth predicts a 20 percent rise after a bearish test. The analyst also expects an upward move for SUI. Analyst Chris Burniske says Solana is poised to hit an all-time high soon. We have compiled analysts’ predictions for these 3 altcoins for our readers.

APT price forecast: Altcoin price heading to $20.40!

Aptos price encountered resistance due to the 78.6% Fibonacci retracement level at $17.04. Therefore, it is poised for more gains. APT holders have their eyes on the high of the $20.40 range. However, this target may be delayed due to possible buyer exhaustion. We see this from the sideways movement of the Relative Strength Index (RSI). Also, the decreasing size of the volume indicator emphasizes this.

However, Aptos price may test the most critical Fibonacci retracement level of 61.8% at $14.40 before the next uptrend. A retest of this buyer’s squeeze level could encourage more conviction among bulls to open more buy orders, which would be presented as a safer buy. APT bulls continue to show a strong presence in the market. This increases the possibilities for further upside. Aptos price reaching the $20.40 target would imply a climb of around 20% above current levels.

APT/USDT 1-week chart

However, things change if the 61.8% Fibonacci retracement gives up. If the altcoin price falls below it, the downtrend could extend to the 50% level at $12.55. A break and close below this level on the weekly timeframe would invalidate the bullish thesis. This would bring about 25% below current levels to the table.

SUI price forecast: Altcoin price may record a new high!

Sui price continues to stay above the middle line of the ascending parallel channel. Multiple technical indicators point to a bullish outlook. The Relative Strength Index (RSI) continues to record higher highs and higher lows. This indicates bullish momentum. The RSI is also moving above the yellow band of the signal line. The volume indicator is showing a big bar. These bullish nuances are highlighted by the Awesome Oscillator’s (AO) increasing volumes, reinforcing the bullish thesis.

Increased buying pressure could help the altcoin price break through the $2.1829 resistance and register a higher range above it. In this case, the token could potentially cross the $2.5000 threshold. There is also strong support on the downside as the 50-, 100- and 200-day Simple Moving Averages (SMAs) following Sui price from below provide possible reversal points should SUI bulls need to renew.

SUI/USDT1 daily chart

On the other hand, Sui price will fall if the selling pressure increases. Thus, it will lose support due to the center line of the channel. In this case, it will potentially extend a leg until the confluence between the 50-day SMA and the horizontal line at $1.6964. A break and close below this level on the daily timeframe would invalidate the bullish thesis.

SOL price forecast: Possible to see ATH soon, then

Analyst Chris Burniske says Solana is poised to hit an all-time high soon. Solana’s market capitalization is currently $84.53 billion. Burniske notes that Solana will outperform BNB to become the third largest crypto asset excluding stablecoins. The analyst also says that the rise in crypto markets continues. However, he emphasizes that it is important to keep expectations at a reasonable level.

For example, he says that a person who expects BTC to reach $200,000 should consider this in a logical framework. Similarly, if Solana’s current price of $192 is expected to reach $1,000 in the future, it would not represent a big increase. In this context, the analyst says the following:

For the most part, the biggest multiples for this expansion are behind. (…) BTC at $200,000 = 2.86 times from $70,000. BTC 2022 bottom = $15,500, so we’re already at 4.52 times. Bullish, but within reason. Or take SOL, currently at $192. It has multiplied 24 times from its ~$8 trough in 2022. If you expect SOL to reach $1,000 (bullish forecast), then you are asking for a 5.2x from here.

Source: Chris Burniske

The views and forecasts in the article are those of analysts and are not investment advice. Cryptocoin.com we strongly recommend that you do your own research before investing.