The encryption prices remained ready this week, as investors waited for the upcoming Federal Reserve. Economists expect the Federal Reserve leave interest rates unchanged at 4.50 % as it notes the impact of definitions on inflation.
The stock market fell this year, as the Dow Jones and Nasdaq index fell by 390 and 155 points on Tuesday. This article provides expectations for some higher encrypted currencies such as Litecoin (LTC), near the protocol (near), and Solayer (layer).
Near the price analysis
The nearby protocol has decreased strongly in the past few months, moving from $ 8.25 in December to $ 2.30. This decrease occurred even after some news of the positive ecosystem.
For example, near the fourth most active in terms of the number of transactions. I dealt with more than 189 million transactions in the last 30 days, making it the fourth after Solana, you see, and a base. In contrast, ETHEREMM handles 36.5 million transactions in the same period.
more Data shows The maximum Stablecoin market in Protocol has grown steady and currently $ 717 million. This is noticeable because the network has less than $ 70 million in Stablecoins in early 2024.
The latest nearby protocol news is that BitWise has applied for a place near ETF, which may lead to more flow from institutional investors.
The daily graph shows that the near price was in the direction of a fixed decline in the past few months, as it decreased from $ 8.25 in December to the current $ 2.30. It has decreased less than the main support levels, including $ 3.50, the lowest level in November last year. Also, you have moved less than all the moving averages.
On the positive side, there are signs that the near price is slowly in reverse and shoulder head. If this happens, it is possible that the distinctive symbol price will recover and re -test the resistance at $ 3.5.
Sulayier prices analysis
Solayer, a higher recovery protocol on Solana Ecosystem, was in the spotlight this week while crashing. It has decreased from a record level of up to $ 3.4 to the lowest level at $ 1.6255, which costs investors millions of dollars.
It is still unclear why the layer price is broken, although analysts indicated the opening of the next distinctive symbol. Another possible reason may be that the informed, who carry most of the Solayer symbols decided to throw some of their property.
Solayer PRICE format style dumping style, a common continuity sign. Therefore, as we saw with a talisman, the symbols continue to fall after a significant decrease with buyers remaining on the side lines.
Litecoin prediction
Litecoin Price has achieved well this week as it jumped to the highest level at $ 92.1, its highest level since March 27. He jumped 45 % of its lowest level in April, and earned steam momentum indicators.
Litecoin has already crossed the moving average for 50 days and formed a reverse head and shoulder. I have just moved over the right shoulder and the level of rescue in Fibonacci 61.8 %.
Therefore, the LTC price is likely to rise as investors are waiting for the LTC ETF decision by SEC. ETF LTC may lead to more flows, with the next point to see that it is 38.2 % decline at $ 124.
Post -encryption prices: Solayer, near the protocol, Litecoin first on Invezz
