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COINTURK NEWS > Technical Analysis > Analysts Provide Price Predictions for ETH, USUAL, BTC, and SOL Coins
Technical Analysis

Analysts Provide Price Predictions for ETH, USUAL, BTC, and SOL Coins

In Brief

  • Bitcoin faces price fluctuations after testing $98,600 recently.

  • Analysts predict potential recovery for ETH, USUAL, BTC, and SOL coins.

  • Positive historical patterns may signal a return for altcoins.

Ömer Ergin
Ömer Ergin 5 months ago
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Bitcoin (BTC) $103,858 continues its volatile trajectory, experiencing a price drop following a recent test of $98,600. The weekend was not particularly favorable for traders, with ongoing losses in altcoins. However, the beginning of the new week and the year’s end may bring unexpected price surges. This article discusses various analysts’ price predictions for ETH, USUAL, BTC, and SOL coins.

Contents
Ethereum (ETH) and USUAL PredictionsBitcoin (BTC) and Solana (SOL)

Ethereum (ETH) and USUAL Predictions

ETH’s price remains below $3,400, reflecting a loss of nearly $700. The king of altcoins could have set the stage for significant rises if it had aimed for all-time high (ATH) levels again. Nonetheless, such exciting days have yet to arrive.

In a recent analysis, Daan Crypto Trades highlighted that those who wait will likely be rewarded.

“ETH tends to perform well at the beginning of the years following halvings (2017, 2021, and 2025?).

This period often marks the start of the last year of a bull market, coinciding with rising altcoins while $BTC.D declines.

Will this time be different?”

Historical data has repeatedly validated the beliefs of optimistic investors, and if this holds true again, it could signal the return of the much-anticipated days for altcoins.

The second popular crypto analyst, Altcoin Sherpa, focuses on USUAL Coin and shared a chart, announcing a new purchase at $1.04. The analyst anticipates a rise to $1.60 and has marked the support levels on the chart.

Bitcoin (BTC) and Solana (SOL)

Currently, the primary expectation is for BTC’s price to reclaim six-figure levels. Those capitalizing on dips in altcoins and those anticipating a separation from BTC for a rise hope to shake off the effects of the recent downturn. Daan Crypto Trades also points to the Pi Cycle Top Indicator for BTC.

“The BTC Pi Cycle Top Indicator has proven reliable for indicating when a cycle peaks.

This typically occurs when the Daily 111MA crosses above the Daily 350MA x2.

Although it may lag slightly, it remains a strong signal. Currently, the Daily 111MA is far from crossing the Daily 350MA x2, so the Pi Cycle Top Indicator is not close to signaling yet.”

Our final analyst, Ali Charts, has noted signs of a potential recovery for SOL Coin.

“SOL is testing a significant support zone between $188 and $179, which previously acted as resistance from March to November. The RSI is at a previously supportive level of 31.72, while Stoch RSI is oversold. I could be wrong, but all these indicators suggest a potential bounce!”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 22 December, 2024 - 2:15 pm 22 December, 2024 - 2:14 pm
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