New crypto predictions are out and we’re going to focus especially on the prices of Bitcoin and Solana. Check out the latest reports about these below.
New crypto price predictions are here
An expert in the world of cryptocurrency is predicting a significant drop in value for Pepe (PEPE), a competitor to Dogecoin (DOGE), due to a bearish pattern forming.
Kaleo, a respected analyst with a large following on social media, suggests that Pepe may decrease in value by over 16% based on recent gains.
When looking at an inverted chart, Kaleo believes that Pepe is showing signs of forming a double-top bearish pattern, which could result in its value revisiting the $0.00000061 level.
Pepe is trading for $0.00000073 at time of writing, up 4.5% in the last 24 hours.
Kaleo believes in the long-term potential of Bitcoin (BTC) but expects price fluctuations until a more stable bull market emerges next year. His advice is to buy on the dips and not be swayed by the noise of the next six months.
He predicts that the real excitement will happen later in 2024 or 2025. At the time of writing, Bitcoin is trading at $26,236, down 0.1% in the last 24 hours.
Additionally, Kaleo notes that Solana (SOL) is currently showing weakness against Bitcoin. He explains that he has not seen the expected bullish continuation and is currently short, anticipating a revisit of the 2023 lows.
Breakout rallies for LINK to reach the crypto space
A well-known crypto strategist predicts that the decentralized oracle network Chainlink (LINK) will continue to grow.
In a recent video, Kevin Svenson, an analyst with over 70,700 YouTube followers, suggests that LINK’s multi-year decline could soon reverse after surpassing a critical long-term indicator.
Svenson explains that Chainlink has broken through the 500-day SMA (simple moving average), which is the longest moving average. Crossing this threshold is often a sign of a significant macro shift taking place.
