Bitcoin’s price hovers around $95,000 as the year nears its end, marked by continued low trading volumes. The recent decline in BTC has caused significant losses in altcoins, yet optimism for the upcoming year remains high. What predictions do experts have for January on the last day of the year? What prices are anticipated for DOT, SEI, and Solana $216 (SOL)?
Comments on DOT and SEI Coin
As 2024 approaches, many have made substantial gains from altcoins. New cryptocurrencies have entered the market, witnessing significant price increases. However, following the recent Fed meeting, negativity has persisted, leading to weakness in altcoins.
Yet, brighter days seem to lie ahead according to expert predictions shared on the last day of the year. CryptoBullet highlighted a bullish target in a recent graph.
“This medium-term correction is coming to an end. I love this Falling Wedge and believe #DOT will break free from it. Standard Falling Wedge target is between $9-$9.5, but I expect BTC.D to crash in the first quarter. Thus, I think we should aim higher. My target region for this scale is $18-$20.”
Michael Poppe has turned his attention to several cryptocurrencies, including SEI Coin, sharing his insights.
“This area looks attractive. Currently, it is in a low cycle against Bitcoin $98,216. The ecosystem is expanding, meaning there is much to gain. I anticipate a final correction towards this support area before returning to $0.70.”
Analysis of Solana (SOL)
Solana (SOL) price is currently at $197, with $200 representing a significant resistance level. If BTC continues its recent recovery, we can declare the decline for SOL Coin over. In a positive scenario, SOL Coin aims for the critical level of $220.
Trader Tardigrade shared the following graph and noted:
“Solana shows a similar graphic model. A longer support trendline is holding $SOL, while a shorter resistance line is pushing it down. These lines have formed converging triangles. After the old triangle, there was a HUGE Rally. Will SOL perform similarly as before?”
If successful, we could witness four-digit prices.