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Reading: Market Analysts Predict Price Movements for Bitcoin, Dogecoin, SOL, and NEIRO
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COINTURK NEWS > Technical Analysis > Market Analysts Predict Price Movements for Bitcoin, Dogecoin, SOL, and NEIRO
Technical Analysis

Market Analysts Predict Price Movements for Bitcoin, Dogecoin, SOL, and NEIRO

In Brief

  • Bitcoin and Dogecoin are experiencing significant price shifts.

  • Predictions for SOL and NEIRO suggest potential for upward movement.

  • Market analysts anticipate further volatility leading to election results.

Ömer Ergin
Ömer Ergin 7 months ago
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Bitcoin (BTC) $107,513 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?

Contents
Bitcoin (BTC) and Dogecoin (DOGE)SOL and NEIRO Coin

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 $0.218768 (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.

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 4 November, 2024 - 12:06 am 4 November, 2024 - 12:06 am
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