Amid the current market downtrend, crypto pundit Investments CEO has provided a bullish outlook for Dogecoin (DOGE), XRP, and Solana (SOL). In a recent X post, the analyst predicted that DOGE will hit $1, XRP will reach $6, and Solana will soar to $1,000, marking new all-time highs for each cryptocurrency.
The current all-time highs for DOGE, XRP, and SOL stand at $0.74, $3.3, and $294, respectively. If these cryptocurrencies were to reach the predicted levels, it would represent significant growth in the face of the ongoing market crash, which has been fueled by economic uncertainty. Investments CEO also predicted that Bitcoin will hit a new all-time high of $150,000.
The bullish sentiment isn’t limited to just one analyst. Other crypto pundits, such as Master Kenobi, have also suggested that DOGE could soon reach the psychological $1 level, citing similarities between the current price action and that of 2017. Based on these similarities, Master Kenobi believes that DOGE could witness a 6x increase from its current level and rally to as high as $1.25, potentially peaking in mid-April or May.
Similarly, crypto analyst Dark Defender has predicted that XRP could rally to $8 in the near future and even reach $18 within this market cycle. Meanwhile, Ali Martinez and Van Eck have provided bullish projections for Solana, with Martinez suggesting a target of $350 and Van Eck stating that SOL could reach $500 by year-end.
However, for these cryptocurrencies to maintain their bullish momentum, certain conditions must be met. Kevin Capital noted that DOGE needs to get back above $0.28 to see more upside, otherwise, it risks retesting the lows and potentially dropping to $0.19. Egrag Crypto emphasized that XRP needs to close above the 21 EMA at $2.67, with a close above $2.81 being essential for bullish momentum. CasiTrades added that XRP needs to reclaim $2.90, as a rejection at this level could lead to a drop to $1.88 or $1.53. For Solana, Ali Martinez stated that SOL needs to hold above the support at $196 to maintain the bullish projection of $350.
If these cryptocurrencies can overcome their respective hurdles and reach the predicted levels, it could signal a significant shift in market sentiment and potentially spark a broader market recovery. However, investors should remain cautious and closely monitor key support and resistance levels, as the market remains highly volatile and subject to sudden changes.
Trade Dogecoin, XRP, and Solana with up to 100x leverage on Defx!
Tags: Dogecoin, XRP, Solana, Crypto Market, Technical Analysis, All-Time Highs
Source: https://www.newsbtc.com/news/dogecoin/dogecoin-xrp-solana-price/