Analysts are confident about the imminent arrival of a new bull cycle in the cryptocurrency market. Data has been compiled on tokens that may demonstrate high return on investment.
Forecast for Dogecoin (DOGE)
In recent weeks, Dogecoin has been showing a consolidating symmetrical triangle formation, often preceding sharp movements. Analysts expect that the price of DOGE could show a 40% move when volatility resumes. Dogecoin, as one of the few tokens to enter pop culture, benefits from instant recognition and speculative demand.
Cardano (ADA) Price Prediction
Cardano has also made the list of strong contenders for the upcoming cycle, rising 17% in the past year. The current situation on the charts shows a golden cross forming, which serves as an indicator for possible growth. Cardano has access to ₳264 million to support new projects, helping to expand its ecosystem. Analysts suggest that ADA prices could reach $2.50–$3.00.
Analysis of SUI and Avalon X
SUI maintains its status as one of the most promising Layer-1 projects, consolidating in an ascending triangle. A breakout could lead to a rise to $5.50. Meanwhile, Avalon X, currently in presale, offers a unique combination of blockchain and real estate. The project is backed by Grupo Avalon, a major developer with nearly $1 billion in projects underway.
As the new bull cycle approaches, analysts focus on several cryptocurrencies, each possessing unique characteristics and growth potential. This information will help investors make more informed decisions.
