Crypto price predictions: Solayer, Near Protocol, Litecoin

Crypto prices remained on edge this week as investors waited for the upcoming Federal Reserve decision. Economists expect the Fed will leave interest rates unchanged at 4.50% as it observes the impact of tariffs on inflation.

The stock market has also retreated this year, with the Dow Jones and the Nasdaq 100 Index falling by 390 and 155 points on Tuesday. This article provides a forecast for some top cryptocurrencies like Litecoin (LTC), Near Protocol (NEAR), and Solayer (LAYER).

Near Price analysis

The Near Protocol has been down strongly in the past few months, moving from $8.25 in December to the current $2.30. This decline happened even after some positive ecosystem news.

For example, Near is the fourth most active blockchain in terms of the number of transactions. It handled over 189 million transactions in the last 30 days, making it the fourth one after Solana, Tron, and Base. In contrast, Ethereum handled 36.5 million transactions in the same period. 

More data shows that the stablecoin market cap in Near Protocol has grown steadily and currently stands at $717 million. This is a notable growth since the network had less than $70 million in stablecoins early 2024. 

The most recent Near Protocol news is that Bitwise filed for a spot NEAR ETF, which may lead to more inflows from institutional investors.

The daily chart shows that the NEAR price has been in a steady downward trend in the past few months, falling from $8.25 in December to the current $2.30. It has dropped below key support levels, including $3.50, the lowest level in November last year. Also, it has moved below all moving averages. 

On the positive side, there are signs that the NEAR price is slowly forming an inverse head and shoulders pattern. If this happens, the token price will likely rebound and retest the resistance at $3.5.

Solayer price analysis

Solayer, a top restaking protocol on the Solana ecosystem, has been in the spotlight this week as it crashed. It dropped from a record high of $3.4 to a low of $1.6255, costing investors millions of dollars.

It is still unclear why the LAYER price crashed, though analysts have pointed to the upcoming token unlock. Another possible reason could be that insiders, who hold most of the Solayer token decided to dump some of their holdings. 

Solayer price has formed a bearish flag pattern, a popular continuation sign. Therefore, as we saw with Mantra, tokens continue falling after such a big drop as buyers remain in the sidelines. 

Litecoin price prediction

Litecoin price has done well this week as it jumped to a high of $92.1, its highest level since March 27. It has jumped by 45% from its lowest level in April, and its momentum indicators are gaining steam.

Litecoin has already crossed the 50-day moving average and formed an inverse head and shoulders pattern. It has just moved above the right shoulder and the 61.8% Fibonacci Retracement level. 

Therefore, the LTC price will likely continue rising as investors wait for a LTC ETF decision by the SEC. An LTC ETF may lead to more inflows, with the next point to watch being the 38.2% retracement level at $124. 

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