- SOL is predicted to soar to as much as $1,000 in the near future.
- XRP and ETH have also formed technically bullish setups in their price action.
- ADA is also forecasted to claim $1 as the broader market remains sluggish.
Market analysts have made very optimistic predictions for blue chip cryptocurrencies like XRP, Ethereum (ETH), Cardano (ADA), and Solana (SOL).
At the same time, digital currencies are facing significant negative pressure as Bitcoin (BTC) has failed to reclaim $100,000 on multiple occasions. A major question pops up: are analysts too hopeful?
ETH to $9K: A Prediction Too High?
Crypto Rover, a crypto analyst, predicted in a post on X (formerly Twitter) that ETH could soar to the $9000 price level as it has formed levels similar to the 2021 market bull run. Meanwhile, investor Ted Pillow has forecasted that the chances of the leading digital currency claiming $3.1K-$3.3K by next week “looks highly likely.”
Related: Ethereum Nears Critical Resistance Against Bitcoin: Breakout Could Trigger Altcoin Rally: Analyst
The ETH 2-hour chart confirms this bullish analysis. If buyers gain control, surely a breakout could happen but with the volumes strong enough.
ADA to $1 – Can Bullish Wedge Really Deliver?
In addition, Cardano (ADA) is also expected to take off. Another analyst CryptoBull_360 claims that the altcoin is poised for a significant bullish breakout following “a retest of the broadening wedge breakout zone on the 4Hr TF,” setting a target of over $1. SlumDOGE Millionaire forecasted that ADA could surge to $10 by the end of 2025.
The 4-hour ADA chart above confirms a falling wedge pattern, which is typically a bullish reversal signal. The breakout level around $0.75 – $0.80 is acting as a support zone. The green rectangle suggests a 51% upside move with a potential target around $1.20.
XRP & SOL Price Targets: Too Bullish Analyst Rallies?
Analyst Ali Martinez said that XRP could reach $3.35 while there have been predictions of a massive surge by EGRAG CRYPTO. In a post on X, they explained that XRP could skyrocket to $27 in the coming days and explained how the cryptocurrency is forming a bullish Fibonacci technical setup. By March 2025, the altcoin could soar to $8.
Related: Altcoins Revisit 2021 Rally Patterns; Market Eyes Next Breakout
Martinez predicted that Solana (SOL) could soar to $225 or even $264 in the near future while highlighting that the altcoin is following an ascending channel. There is significant potential for upside. Analyst Zer0 highlighted that SOL could claim $1,000 in the not too distant future.
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