Crypto analyst David says NEAR price will continue to rise in the near future. Analyst Akash Girimath predicts that DOGE is at the beginning of a 40 percent move. Moreover, the analyst suggests that patient SOL investors will get more. Finally, the analyst states that the price of an altcoin is ready to rise.
NEAR fprice prediction: Altcoin will continue to rise
NEAR Protocol (NEAR) price broke below the key $1.25 support zone and confirmed as resistance for the week of August 28 – September 3 (red arrow). This caused the price to drop to the long-term support zone at $0.95, where the bull market in 2020 began. It is a positive signal that the altcoin price jumped up immediately after touching this support zone last week, forming a bullish pin bar candlestick (green arrow). This indicates strong buying interest from the bulls once the price touches this zone.
cryptokoin.comAs you follow from , NEAR showed a strong increase this week. NEAR is retesting the $1.25 zone. If a breakout occurs, the altcoin price could quickly rise to the next resistance zone at $1.62. This figure is 30% higher than the current price. Meanwhile, the weekly RSI (Relative Strength Index) has broken above the long-term descending resistance line and is trending upwards. Therefore, it supports the possibility of further uptrends. The most likely scenario shows that the NEAR price will continue to rise in the near future. The potential target for this move is $1.62.
DOGE price prediction: Dogecoin approaching 40% breakout rally
Dogecoin (DOGE) price is wrapped inside a falling wedge formation. It also predicts an explosive move on a successful breakout. Since October 31, the altcoin has formed four lower highs and four lower lows, which when connected by trend lines reveal a falling wedge. This technical formation predicts a 40% upside to $0.0952. This is achieved by measuring the distance between the first swing high and low at $0.0688, which is the potential breakout point.
The Relative Strength Index (RSI) is hovering just above 50. It’s a ‘do or die’ point here. A higher rise in the altcoin price will allow DOGE to flip the average level. Thus, it will add a tailwind to the partially bullish outlook. In such a situation, it is possible for the DOGE price to increase by 18%. Thus, it is likely to reach the $0.0816 resistance level. Beyond this barrier, DOGE could extend the climb to retest the theoretical target of $0.0952. This move would mean a 40% increase.
SOL price prediction: Investors must be patient for 40% rally
The altcoin price is in an unstable position after breaking the $26.41 and $28.80 hurdles. Even though it broke through these barriers, it did not test as a support level. Therefore, a pullback that lowers SOL could shatter these barriers. In addition, the high waves that have formed since October 23 have not been confirmed by the Relative Strength Index (RSI), which indicates that the bullish momentum is waning. So a retreat for the LEFT is almost guaranteed.
SOL bulls need to keep Solana price above the $26.41 and $28.80 support levels. If successful, the rally is likely to extend. However, for this upward movement to occur, the general outlook of the market must remain neutral or upward. In such a case, the altcoin price could target buy-side liquidity, standing above $38.84 and $48.24, roughly 38% and 68% away from the $28.80 support base.
DOT price prediction: Altcoin price is ready to rise
Polkadot (DOT) price increased by approximately 22% between October 20-26. In the process, it formed a local peak at $4.45. But this rally faced exhaustion. It also led to a 6% correction to where DOT is currently trading at $4.18.
Going forward, investors can expect DOT price to retest and consolidate around the $3.98 support level, attracting sidelined buyers to extend the recent breakout into an uptrend. The declining Relative Strength Index (RSI) found support at the 50 average level. Thus, it is likely to support the bullish outlook from a technical perspective. It is possible that a bounce from this level could push the altcoin price to overcome the $4.31 resistance level and tag the next hurdles at $4.80 and $5.
The predictions in the article belong to the analysts and are definitely not investment advice. Keeping in mind that these are estimates, we recommend that you do your own research before investing.
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