{"id":40358,"date":"2023-01-06T01:39:39","date_gmt":"2023-01-06T01:39:39","guid":{"rendered":"http:\/\/egrowonline.com\/?p=40358"},"modified":"2023-01-06T01:39:39","modified_gmt":"2023-01-06T01:39:39","slug":"top-trader-reveals-forecasts-for-cardano-xrp-dogecoin-and-three-additional-altcoins-as-2023-begins","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=40358","title":{"rendered":"Top Trader Reveals Forecasts for Cardano, XRP, Dogecoin and Three Additional Altcoins As 2023 Begins"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>A widely followed crypto analyst is breaking down his predictions for Ethereum (<a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\/\" rel=\"noopener\">ETH<\/a>) and a handful of popular altcoins.<\/p>\n<p>The pseudonymous crypto analyst Cheds says in a new interview with Scott Melker that ETH has a \u201cclean trigger level\u201d around $1,420-$1,430, the price point it will have cleared both the prior support level and the 200-day moving average (MA).<\/p>\n<p>ETH is trading at $1,252 at time of writing.<\/p>\n<p>Cheds also notes that <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/xrp\/\" rel=\"noopener\">XRP<\/a> is at a critical price point right now.<\/p>\n<p><em>\u201cYou need follow-through. It\u2019s like the beginning. And so if the bulls don\u2019t bounce here [at $0.3416], that\u2019s no bueno. That\u2019s a great start to some type of a small-to-medium-type of a move. Maybe up to like $0.38 to $0.39. And if it doesn\u2019t, then you\u2019re in real trouble, because look at the long lower shadow. That\u2019s buyers jumping in, rejecting lower prices, getting back up above lost support.\u201d<\/em><\/p>\n<p>XRP is changing hands at $0.346 at time of writing.<\/p>\n<p>Cheds also says top memecoin Dogecoin (<a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/dogecoin\/\" rel=\"noopener\">DOGE<\/a>) is not looking good.<\/p>\n<p><em>\u201cIt\u2019s the classic rocket ship slow bleed. Losing the MA-200, losing support here. I mean I think it\u2019s going to about [$0.05] or [$0.057, $0.058]. Probably range lows.\u201d<\/em><\/p>\n<p>DOGE is trading at $0.072 at time of writing.<\/p>\n<p>The trader says he doesn\u2019t have any immediate plans to do anything with Ethereum rival Cardano (<a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/cardano\/\" rel=\"noopener\">ADA<\/a>). He says it might be interesting to short it if ADA reaches the $0.30 range again. Cardano is currently trading at $0.266.<\/p>\n<p>As for Solana (<a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/solana\/\" rel=\"noopener\">SOL<\/a>), Cheds says that \u201cthe biggest bounces come in downtrends.\u201d The analyst says he feels \u201cconstructive\u201d on the asset above $11-$11.50. SOL is trading at $13.57 at time of writing.<\/p>\n<p>Cheds says blockchain scaling solution Polygon (<a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/matic-network\/\" rel=\"noopener\">MATIC<\/a>) needs to hold support \u201cin order to build the chart and stairstep.\u201d An important holding level for the asset is at $0.72, and the next potential level up to watch out for is around $1.06, according to the analyst.<\/p>\n<p>MATIC is changing hands at $0.802 at time of writing.<\/p>\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"Top 10 Crypto | Analysis &amp; Charts | Guest: Big Cheds\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/RZziHpyaJ4w?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><span style=\"color: #ffffff\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\" rel=\"noopener\">Subscribe<\/a> to get crypto email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\" rel=\"noopener\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\" rel=\"noopener\">Twitter<\/a>, <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\" rel=\"noopener\">Facebook<\/a> and <a target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\" rel=\"noopener\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\" rel=\"noopener\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" rel=\"noopener\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Featured Image: Shutterstock\/tykcartoon<\/em><\/span><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMigwFodHRwczovL2RhaWx5aG9kbC5jb20vMjAyMy8wMS8wNC90b3AtdHJhZGVyLXJldmVhbHMtZm9yZWNhc3RzLWZvci1jYXJkYW5vLXhycC1kb2dlY29pbi1hbmQtdGhyZWUtYWRkaXRpb25hbC1hbHRjb2lucy1hcy0yMDIzLWJlZ2luc9IBiAFodHRwczovL2RhaWx5aG9kbC5jb20vMjAyMy8wMS8wNC90b3AtdHJhZGVyLXJldmVhbHMtZm9yZWNhc3RzLWZvci1jYXJkYW5vLXhycC1kb2dlY29pbi1hbmQtdGhyZWUtYWRkaXRpb25hbC1hbHRjb2lucy1hcy0yMDIzLWJlZ2lucy9hbXAv?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A widely followed crypto analyst is breaking down his predictions for Ethereum (ETH) and a handful of popular altcoins. The pseudonymous crypto analyst Cheds says in a new interview with Scott Melker that ETH has a \u201cclean trigger level\u201d around $1,420-$1,430, the price point it will have cleared both the prior support level and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[2014,200,235,266,85,2309,709,114,193,58],"class_list":["post-40358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-additional","tag-altcoins","tag-begins","tag-cardano","tag-dogecoin","tag-forecasts","tag-reveals","tag-top","tag-trader","tag-xrp"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2023\/01\/top-Cardano-XRP-Dogecoin.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40358"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40358\/revisions"}],"predecessor-version":[{"id":40360,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/40358\/revisions\/40360"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/40359"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40358"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}