BTC is seeking new highs as altcoins start to recover. What would be the value of these altcoins if we experience a new surge? As you may recall, we saw such an event at the end of last year. Following the rise in Bitcoin’s price, altcoins began to experience strong recoveries while Bitcoin consolidated. So, what are the price targets for the rise of SOL, ADA, AVAX, and DOGE?
Solana (SOL) Price Prediction
On February 10, the price broke the neckline of an inverse H&S formation and is now struggling to maintain the $110 level. The rise in Bitcoin’s price found a quick response in the SOL Coin market, but the recent surge did not trigger a significant movement. If buyers continue to hold the price at $107, SOL Coin could continue to rise to $117 and $126.
For SOL Coin, closing above $126 could bring the $135 peak into play. However, if we see a sharp price drop, it could fall towards $93 and $80.
Cardano (ADA) Price Prediction
The anticipated major surge has not yet started, and we have not seen a very impressive recovery from the bottom. Although the recovery is weak, the bulls have not given up defense below $0.53. Now, ADA Coin is trying to hold at $0.5565 and, in an optimistic scenario, could initiate a rebound to the $0.62 and $0.68 levels.
If selling resumes, investors could witness a further decline to $0.46 and $0.42.
Avalanche (AVAX) Price Prediction
AVAX is back above $40. The price’s bounce from the 20-day EMA at $36.72 shows that buyers are still in the game. As a result of the rising BTC price expectations, AVAX is currently trending positively. If we see firm closings above $42, peaks above $50 could be targeted.
This recent surge could bring the long-forgotten $70 price levels back into play for AVAX.
Dogecoin (DOGE) Price Target
Dogecoin has been trading within a symmetrical triangle over the past few days, indicating indecision. The RSI also points to a balance. It is essential for buyers to push the price above the triangle to gain dominance.
In a bullish scenario, targets of $0.1 and $0.11 are envisioned, while a downturn could lead to a drop to $0.06.
