Analysts forecast Cardano rally to $2 as Ripple and this new AI coin gain momentum

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Analysts Eye June Rebound for Altcoins; Ripple, Cardano, and Unilabs in Focus

Analysts anticipate a potential rebound in June for select altcoins, with Ripple (XRP), Cardano (ADA), and Unilabs attracting significant attention.

Table of Contents

• Ripple: Whale Activity and Price Predictions
• Cardano: Network Milestone and Analyst Optimism
• Unilabs Finance: AI-Guided Crypto Investing Platform
• Altcoins to Watch in June

Analysts predict a strong rebound this June across select altcoins, with Ripple, Cardano, and Unilabs topping the watchlist. Optimism surrounds Ripple, fueled by price predictions suggesting a potential surge to $3.26. Cardano is also drawing attention, with forecasts indicating a possible price of $2. Unilabs is gaining traction due to investor interest in AI-driven investment solutions.

Ripple: Whale Activity and Price Predictions

Ripple's price has experienced bearish pressure, mirroring broader market trends. According to CoinMarketCap, the Ripple price has decreased by 6.2% in the last week.

The bi-weekly and monthly charts also reflect losses: 9.9% and 2.4%, respectively. However, data indicates significant XRP accumulation by large holders. One crypto expert reported a recent purchase of over 999,999 XRP by a whale.

Price forecasts vary, with some analysts suggesting potential targets of $2.97 and $3.26. Another analyst points to increasing buying pressure and the emergence of a golden cross pattern. Based on this pattern, price predictions suggest a rise to $4.50. Technically, the relative strength index (RSI) has dipped below the midline, indicating selling pressure. Currently, Ripple's price has support around the 200-SMA ($0.19).

Cardano: Network Milestone and Analyst Optimism

Cardano is currently trading between the 50-SMA ($0.72) and 200-SMA ($0.66) as buyers work to maintain its level. Since breaking $0.70 on May 31st, Cardano’s price has fallen in the past several days.

CoinMarketCap data shows the Cardano price has gone down 9.1% in the last week and 1.6% in the past month. Technical analysis indicates the Cardano price is bearish.

The Hull Moving Average (9) and VWMA (10) flash a sell signal, supporting more Cardano price downtrend. On the other hand, on-chain data reveals that the Cardano network has surpassed 110 million transactions. This milestone indicates high network activity, which could positively influence Cardano's price. Analysts suggest a potential price target of $2 by the end of June, while other forecasts estimate a rise to $1.5.

Unilabs Finance: AI-Guided Crypto Investing Platform

Unilabs Finance is an AI-driven crypto portfolio management platform. It aims to automate complex trading strategies across multiple funds.

The platform offers AI-managed funds, including options for stable yields, high-risk/high-reward tokens, and a balanced AI index fund. This segmentation allows users to personalize risk exposure.

Altcoins to Watch in June

As June begins, altcoins like Ripple, Cardano, and Unilabs Finance are under scrutiny. Unilabs stands out as a future-focused gem.

Disclaimer: This content is provided by a third party. Users should conduct their own research before making any decisions related to the company.