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Cryptocurrency analyst World of Charts, known for impactful posts, shared insights on four altcoins today. The analyst revealed expectations related to the cryptocurrencies. The altcoin projects evaluated are MEME, 1INCH, DGB, and COMBO. Let’s look at the evaluations.
Expectations for DGB and MEME
The analyst’s first focus was on the altcoin DGB, which is testing a critical support area. This area includes a significant horizontal support region and a multi-year trend line. The analysis gains weight from the observed bullish volume, indicating a potential upward movement. The analyst expects a significant 200% rise in the coming weeks if these support levels hold.
Analyst World of Charts also highlighted the altcoin Meme, which is struggling with an important trend line. If the resistance is successfully surpassed, the analyst expects a significant rise of 80-90%.
Comments on Combo and 1INCH
Combo, another altcoin, recently broke out from a bullish pennant formation. This breakout has been confirmed, increasing expectations for a sharp rise to the $1.50 level in the near future. The analyst expects a 95% increase at this point.
In a different scenario, the analyst noted that the altcoin 1Inch has achieved a commendable 20% profit so far, aligning with expectations. However, the analyst still sees significant upward potential, indicating the journey is far from over. The expectation for 1inch is a 492% increase.
We don’t know if the analyst’s predictions will come true. However, this is the cryptocurrency world, where prices can rise and fall quickly. Since the data shows that the mentioned price levels have occurred in the past, there is currently no barrier to the prices reaching the levels indicated by the analyst. Moreover, a positive cross already exists in the cryptocurrency world, so the mentioned levels might be reached.
