Investment CEO, a well-known crypto analyst, has suggested that the market is not optimistic enough when it comes to Dogecoin, XRP, and Solana. This comes amidst the current market downturn, where he has set bullish price targets for these cryptocurrencies, each representing a new all-time high (ATH).
The CEO of Investments, in a recent post, forecasted that Dogecoin would reach $1, while XRP and Solana could climb to $6 and $1,000, respectively. These price milestones would set a new ATH for Dogecoin, XRP, and Solana, which currently have record highs of $0.74, $3.3, and $294 respectively. The analyst also projected a $150,000 price for Bitcoin, suggesting another new ATH for this leading cryptocurrency.
According to these price targets, the analyst believes that market players aren’t sufficiently bullish. The successful achievement of these targets by Dogecoin, XRP, and Solana would undoubtedly paint a positive picture for the crypto market, which is currently experiencing a significant downturn due to economic uncertainty.
It is also noteworthy that other crypto analysts predict that Dogecoin could soon reach the much-awaited $1 mark, among them Master Kenobi, who drew parallels between the current DOGE price action and that of 2017. Based on these parallels, the analyst projected a 6x increase from its current level for the Dogecoin price, potentially reaching as high as $1.25 soon. He further suggested that DOGE could peak in mid-April or May.
Other crypto analysts have similarly suggested bullish predictions for XRP and Solana. Crypto analyst Dark Defender anticipates the price of XRP could rally to $8 soon, and even reach $18 in this market cycle. Meanwhile, crypto analysts Ali Martinez and Van Eck have predicted that Solana could reach $350 and $500 by year-end, respectively.
Given the current market downturn, crypto analysts have provided insights into what is needed for Dogecoin, XRP, and Solana to preserve their bullish prospects. For Dogecoin to see more upside, crypto analyst Kevin Capital suggests that it needs to rise above $0.28 again soon. If this does not occur, he warns of a potential drop to as low as $0.19.
For XRP, Egrag Crypto believes the crypto needs to close above the 21 EMA at $2.67, and even $2.81, to sustain bullish momentum. Similarly, CasiTrades advises 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 suggests that SOL needs to maintain support at $196 to keep its bullish projection of $350 for the cryptocurrency.
