Market Analysts Offer Price Predictions for Bitcoin, Dogecoin, SOL, and NEIRO
Bitcoin (BTC) and Dogecoin (DOGE)
Bitcoin (BTC) experienced a sharp decline, reaching $67,478 after peaking at $73,600. This volatility was initially linked to election-related factors but has since subsided as votes continue to be cast.
Dogecoin (DOGE) and other altcoins experienced significant losses, with DOGE dropping over 8% and Shiba Coin decreasing by 6%. According to analyst Benjamin Cowen, the anticipated correction phase for altcoins has begun.
Michael Poppe's Perspective on BTC
Analyst Michael Poppe believes the recent dip in BTC represents normal fluctuations leading up to the elections. He anticipates a potential gap fill from the $69,500 CME closing price and predicts a rise in prices after initial declines on Monday and Tuesday.
Ali Charts' Analysis of DOGE
Ali Charts shared observations on the DOGE chart, suggesting a buy signal from the TD Sequential indicator on the four-hour timeframe. He notes that DOGE maintaining support above $0.141 could lead to a rebound towards $0.162.
SOL and NEIRO Coin Predictions
TraderSZ offered predictions for SOL and NEIRO. For NEIRO, he believes the cryptocurrency has reached its bottom and anticipates a significant surge to new all-time highs. Conversely, a breakdown of support levels could occur if Kamala takes office.
As for SOL, TraderSZ suggests a bounce from $158 and potential targets at $173, $183, $193, and $204 if it closes above $168.