NEIRO, SOL and Ethereum Predictions from Crypto Analysts
The cryptocurrency world offers many opportunities that attract the attention of investors. In this context, the predictions made by analysts about the prominent altcoins NEIRO, SOL and Ethereum serve as an important guide for investors. In this article, we will provide a detailed analysis on the potential and price movements of these three altcoins.
NEIRO Price Analysis: Expectation to Rise to the Top Again
NEIRO’s price dropped from $0.0017 to $0.0013 between October 30 and November 5. However, this decline does not weaken the long-term potential of the altcoin. 4-hour chart analysis clearly shows that selling pressure is easing as NEIRO breaks out of a descending trend line. This break, along with the $0.0013 support level, is considered a sign that NEIRO will not move lower.
The Average Directional Index (ADX) shows that NEIRO’s bull trend is gaining strength. Currently at 42.49, the ADX indicates weak directional momentum below 25, while values above this level reveal the existence of a strong trend. If NEIRO holders refrain from selling out of emotion, it seems possible that the price of the altcoin could surpass $0.0023 and reach a new all-time high. However, in case of profit taking, a possible scenario is that NEIRO may decline to $0.0015.
SOL Price Forecast: Yearly High on the Way
Solana gained great momentum with Donald Trump’s victory in the US presidential elections. In Wednesday’s session, with Trump’s win, SOL’s trading volume rose to $8.33 billion, the highest level in the last three months. With demand for Solana increasing, it is trading above its 20-day exponential moving average (EMA). Current price levels are around $189.11, slightly above the critical level of $186.40.
If demand for SOL continues, the altcoin will aim to surpass $193.34 before reaching its year-to-date high of $210.03. However, if the buying pressure decreases and profit taking intensifies, this positive outlook may become invalid. In this scenario, it is possible for SOL to fall below $186.40 to $171.78. It is of great importance for investors to be careful in this process and follow market conditions closely.
Ethereum Price Prediction: $3,000 Target
Ethereum saw a $52.29 million inflow into ETFs on November 6. This is considered a result of Trump’s pro-crypto stance and the increasing interest of Michigan pension funds in crypto assets. The Volume Weighted Average Price (VWAP) of ETH is trending above $2,803. This shows that there is an upside potential towards $2,900 in terms of short-term price projection.
Staying above VWAP generally indicates strong market support as buyers are willing to buy at higher prices. Moreover, the leading altcoin recently managed to break the upper limit of the Donchian Channel around $2,880. If the weekly resistance at this level is broken, Ethereum will likely target $2,900 in the coming days.
If ETH can close above $2,800 and maintain buying volume, then it will be more likely to test and break key resistance levels. However, a fall below VWAP could cause renewed buying interest to stabilize prices. This could trigger a pullback towards the support level near $2,700.
Important Information for Investors
All analyst forecasts and opinions mentioned above can help shape your investment decisions. However, it is extremely important that you do your own research before investing. Since cryptocurrency markets have high volatility, losses may also occur. Therefore, you should be careful and consider the risks when investing.
As Kriptokoin.com, we will continue to provide the necessary information for investors to make informed decisions. Remember, every investment carries its own risks and market conditions are constantly changing.
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