Bitcoin $89,739‘s price has dipped below $60,000 and is aiming for $61,700, currently at $61,390. Altcoins are once again showing signs of recovery. Due to rapid declines in altcoin prices over the past six months, BTC sales persist, driving prices lower. Technical analysis experts have recently shared their price targets for TAO, CELO, and SOL coins.
TAO Coin Insights
On October 3, a prominent crypto analyst noted in a shared chart that TAO Coin’s price is expected to rise to its nearest Fibonacci level. It was mentioned that there is a likelihood of the price returning to $523. Although it did not reach the buying zone at $465 exactly, if there are closing prices above $523, selling opportunities may arise at $617.
The analyst maintains that their position is secure and believes the upward trend may continue. If BTC completes its historical decline in the first week of October and begins to recover in the second week, double-digit gains could be observed.
CELO Coin Analysis
Crypto Bullet updated their previous predictions in today’s chart. They initially anticipated a bounce from the trendline in August, which occurred as expected. CELO Coin’s price has surged by 65%. The analyst indicates target prices of $2.5 and $5.25, with a potential peak extending up to $18.
Should this trend succeed, CELO Coin investors will witness an exciting upward journey with over tenfold price increases.
Solana (SOL) Price Predictions
Technical analysis experts closely following cryptocurrency movements have updated their forecasts for Solana $219 (SOL). On October 1, they revealed the buying level. The accompanying chart highlights key levels to watch in the fluctuations of SOL Coin over the past few weeks.
“I closed my position at the peak and advised you to do the same. I indicated I would buy directly at $132 during the pullback, signaling a potential 5% profit.
I mentioned that $149.5 might serve as strong support, but I did not buy there, and unfortunately, it didn’t work out for me, resulting in a -1R loss. I believe we found the bottom in this correction. I am taking 50% profit and adjusting my stop loss. I will halt at the previously purchased price (around $132) and consider repurchasing if confirmation is received.”