- Bitcoin’s rebound signals the start of the much-anticipated altcoin season.
- Experts forecast significant gains for altcoins like SUI, ADA, APT, LINK, and CHZ.
- Analysts predict potential price surges for SUI, ADA, and LINK, with targets up to $40, $14, and $30, respectively.
The cryptocurrency market has been in a downtrend for several days, but it seems the worst is over as Bitcoin is now rebounding, paving the way for the much-anticipated altcoin season. For context, Bitcoin’s price dipped to nearly $92K four days ago, but it is currently recovering, trading around $94K at press time.
Given Bitcoin’s performance, various altcoins are now on the radar of market watchers anticipating the altcoin season. Among them, the SUI token stands out. SUI is up by 4.17% today, trading at $4.51, despite the broader market downturn. SUI has been a top performer in this bull run and is currently trading in a price discovery phase.
SUI is Relentless; Targets $40
In a post on X today, Raoul Pal, founder of Real Vision, commented on SUI’s price action, noting that it is poised to break higher. He described it as the strongest major altcoin, likening it to “The Chosen One,” and remarked that it has been relentless in its bull run. Meanwhile, technical analyst Mags suggests that SUI could reach as high as $40 this season.
Cardano to $14, LINK to $30
Another altcoin widely watched for major moves in the upcoming altcoin season is Cardano (ADA). ADA lost the $1 level during this latest downturn. However, numerous analysts believe Cardano can surpass its $3.10 all-time high and rally far beyond.
Some analysts, like Dan Gambardello, have predicted a market cap of $500 billion for Cardano this season, which would equate to a $14 price per token.
Likewise, Chainlink (LINK) is also showing promising signs. Trading at $24, the token is up by 5.4% today. In a post on X, analyst Valeriya shared a long signal for LINK, forecasting prices near $30 but recommending a stop-loss at $22. Her bullish outlook stems from her observation that LINK is trading within the “POI HTF zone,” indicating strong buyer power.
Aptos (APT) and Chiliz (CHZ) Analysis
Analyst Queen Zoe has also identified a favorable buy entry for the Aptos (APT) token. Notably, APT has declined by around 35% over the last seven days. Trading at $9.48, with a 3% uptick in the last 24 hours, Zoe remarked that APT is “a good buy from here.”
A similar observation has been made regarding Chiliz (CHZ), a low-cap altcoin. According to Abitak, CHZ looks extremely promising, with a good entry point at its current price of $0.09207. The chart shared shows the token is trading at an astonishing 90% below its all-time high, marking the current price as an attractive buying opportunity.
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