Crypto analyst David expects a strong run for NEAR. Analyst Valdrin Tahiri sees a 60 percent potential in SOL. Popular analyst Michael van de Poppe predicts a significant rise for the MATIC price. We have compiled analysts’ predictions for these 3 altcoins for our readers.
NEAR price prediction: Altcoin bounces up previous resistance!
Near Protocol (NEAR) price broke above the key resistance zone at $2.7 with a major bullish candle during the week of December 18-24, 2023. This indicates the end of the previous long-term downtrend. It also signals that the altcoin price will likely start a new bull trend. That’s why this move is a very positive step.
Although the price of NEAR fell in the last week of 2023 after reaching a new yearly high of $4.65, it rebounded from the $2.7 region the previous week. Thus, it formed a long wick below (green arrow). This is a sign of buying pressure. It also indicates that sentiment has shifted from selling on rallies to buying on dips. Meanwhile, the weekly RSI has halted its decline and remains above 50. This shows that the bulls are trying to regain control. If the altcoin price continues to recover, it is possible that it will rise again to a yearly high with a 58.30% increase.
The most likely scenario sees the NEAR price break above the wedge and move higher. The nearest targets for this move are $3.6 and above and $4.65. This bullish view will be invalidated if NEAR price falls below the $2.7 zone on the weekly time frame.
SOL price prediction: $100 is critical for the token!
A closer look at the wave count and price action confirms that the trend is bullish. Technical analysts use Elliott Wave theory to identify recurring long-term price patterns and investor psychology. This helps them determine the direction of a trend. Wave counting shows that SOL price is in the fourth wave of a five-wave upward move. However, it does not confirm whether the fourth wave has been completed. The completion argument is that SOL price bounces at the 0.382 Fib retracement support level (green icon), which is a possible point for the fourth wave to end.
However, there are also arguments against this. The fix is extremely short in terms of time. Additionally, the second wave failed to reach the 0.382 Fib length. Therefore, the daily RSI does not confirm that the uptrend has started to reverse. As a result, the reaction to the $100 resistance area will be key in determining the future SOL trend. A break above $100 could trigger a 60% rise in the altcoin price to the next resistance at $155, while a rejection would cause a 25% decline to complete the fourth wave at the 0.5 Fib retracement support level at $72.
MATIC price prediction: Altcoin has 2X potential!
cryptokoin.comAs you’ve been following from , Polygon (MATIC) has faced challenges with the market over the past year. Despite this, it displays the potential to turn the tide and get on the path to earnings, according to analysts. Support levels established on higher time frames have shown resilience. Additionally, it successfully achieved liquidity. It is noteworthy that MATIC has shown a relative underperformance in anticipation of a potential upward move. According to popular analyst Michael van de Poppe, MATIC will target the $1.25 to $1.50 range in the upcoming bull run. In this context, the analyst makes the following statement:
I expect another push to the upside, although MATIC is also underperforming. The next rally may be to the $1.25-1.50 region.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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