Crypto analyst Victor Olanrewaju predicts that NEIRO will rise to new highs. Analyst Abiodun Oladokun says SOL is well positioned to top this year. Analyst Ibrahim Ajibade predicts that the leading altcoin Ethereum will make a strong move. We have compiled analysts’ predictions for these 3 altcoins for our readers.
NEIRO price analysis: A new top is on the cards for the altcoin!
The price of NEIRO dropped from $0.0017 to $0.0013 between October 30 and November 5. However, the 4-hour chart shows that the selling pressure has eased as the meme coin broke out of the descending trend line. This break, along with the $0.013 support, ensured that the token could not move lower than that. Meanwhile, the Average Directional Index (ADX) is also trending upward. ADX is an important technical indicator used to evaluate the strength of a trend. A reading below 25 typically indicates downside momentum. However, the fact that ADX is currently at 42.49 indicates that NEIRO’s bull trend is gaining strength.
If NEIRO holders stay true to their sentiments and refrain from selling, it is possible for the altcoin price to surpass $0.0023. Thus, it will reach its all-time high. However, if this is preceded by profit taking, it will be difficult for the token to reach this price. In this case, it is likely to drop to $0.0015 instead.
NEIRO 4-Hour Analysis. Source: TradingViewSOL price forecast: The highest level of the year is on the horizon!
The Solana rally received a strong boost from Donald Trump’s victory in the just-concluded US presidential election. In Wednesday’s session, as it became clear that Trump would win, the altcoin’s trading volume rose to $8.33 billion, the highest level in three months. With demand for Solana strengthening, it is currently trading above its 20-day exponential moving average (EMA), which measures the average trading price over the last 20 days.
At the time of writing, the altcoin is trading at $189.11, just above the critical level of $186.40. If demand for SOL remains strong, it will attempt to clear the final hurdle at $193.34 before reclaiming its year-to-date high of $210.03. However, this bullish outlook will become invalid if the buying pressure decreases and profit taking intensifies. Thus, it is possible that SOL loses its recent gains and declines below $186.40 and declines to $171.78.
SOL Price Analysis. Source: TradingViewETF price prediction: Leading altcoin targets $3,000!
There was $52.29 million inflow into Ethereum ETFs on November 6. This entry indicates renewed investor confidence in response to Trump’s pro-crypto stance and Michigan pension funds’ crypto holdings. ETH’s Volume Weighted Average Price (VWAP) is holding above $2,803. In terms of short-term price projection, this highlights the potential for further upsides towards the $2,900 level. Staying above VWAP generally indicates strong market support and maintains momentum, as buyers are willing to buy at higher prices. Moreover, the leading altcoin recently broke the upper limit of the Donchian Channel near $2,880. Therefore, if it breaks a weekly resistance at this level, it is possible that it can clear its way to $2,900 in the coming days.
If ETH can close above $2,800 and maintain buying volume, it could soon test and break these key resistance levels. However, a break below VWAP will see renewed buying interest stabilize prices. Therefore, it is likely to trigger a pullback towards the support near $2,700.
Ethereum Price Projection (ETH)The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.comWe strongly recommend that you do your own research before investing.
