Bitcoin (BTC) $98,342 fell to $67,478, showing rapid sell-offs after reaching a peak of $73,600. This week, price fluctuations coincided with Trump’s election prospects but are now reversing as voters have been casting their ballots, with results expected later Tuesday. What predictions do experts have for SOL, NEIRO, and DOGE?
Bitcoin (BTC) and Dogecoin (DOGE)
It was a challenging day for altcoins. DOGE plummeted by over 8%, while Shiba Coin decreased by 6%. ETH fell to around $2,400. Benjamin Cowen stated in his latest analysis that the anticipated destruction phase for altcoins has arrived, and he seems pleased with this development. Cowen has long shared his expectation of a decline, focusing on a chart he published.
“It appears that the grand finale of the altcoin reckoning has finally arrived. This reckoning should conclude by December 2024 or at the latest by the second week of January 2025. It has been a long journey, and many have given up along the way, but this process was always destined to continue.”
Michael Poppe noted that while BTC hit its daily low, we are experiencing normal fluctuations leading up to the elections. He mentioned that CME closed at $69,500, indicating a potential gap to fill, but anticipates declines on Monday and Tuesday first. After this, he confidently predicts a subsequent rise.
Ali Charts shared insights on the Dogecoin $0.386309 (DOGE) graph, stating that:
“The TD Sequential indicator has provided a buy signal on the four-hour Dogecoin chart! If DOGE holds above the $0.141 support level, we could see a rebound to $0.162.”
Currently, Dogecoin (DOGE) is lingering just above its support level.
SOL and NEIRO Coin
TraderSZ has shared predictions for two popular cryptocurrencies ahead of the elections. According to the analyst, NEIRO Coin has reached its bottom and is expected to initiate a rapid rise to new all-time highs. If Trump wins, we might see such a scenario, but if Kamala takes office, we could witness a breakdown of support levels aiming for new lows.
The same analyst also indicates that the SOL Coin chart should bounce from $158. At the time of writing, SOL Coin is marking this level, and if it closes above $168, targets of $173, $183, $193, and $204 could be tested.