Chiliz maintains support but risks a decline if Bitcoin falters.
Bitcoin (BTC) $69,485 could not kick off the new month as anticipated, raising questions about the last quarter’s hopes. In the face of election discussions and Fed interest rate decisions, market participants opted for caution. The recent attempt above $73,000 failed due to rumors of Iran initiating retaliatory attacks, leaving traders wary. What are the predictions for Shiba Coin, PEPE, Solana $166, and Chiliz?
ContentsShiba Coin (SHIB)PEPE and SOL Coin InsightsChiliz (CHZ) Shiba Coin (SHIB)
Shiba Coin made attempts to close above $0.00001908 during the recent Bitcoin surge but fell short. Currently, maintaining the level of $0.00001709 is positive. If BTC experiences a rapid decline due to election results or other factors, the support levels of $0.00001610 and $0.0000142 could be tested again.
The journey towards BTC’s all-time high is associated with increased market dominance. This suggests that impressive gains for altcoins could occur while BTC reaches its real peak. A significant rise for SHIB may be possible if the support at $0.00002090 is reclaimed and the resistance at $0.0000295 is surpassed.
PEPE and SOL Coin Insights
Despite lingering above $0.0000084, PEPE Coin did not perform as expected in the recent rally. In an environment where confidence in upward trends is strengthening, it could exhibit impressive performance if it first reclaims $0.0000109 as support. Subsequently, it could aim for new all-time highs at $0.00001406 and $0.0000172.
The recent SOL Coin ETF application was positive, yet the price could not withstand BTC sell-offs. Consequently, while targeting new peaks above $188, Solana (SOL) has retreated from its highs. Testing the range between $162 and $148 remains a possibility, with many traders profiting by buying near the bottom of this range.
Chiliz (CHZ)
As this article was prepared, CHZ Coin was at the exact support point of the parallel channel discussed for months. The fluctuations in BTC’s price have not significantly impacted it. However, if it loses this support, it may create a new low around $0.051. Conversely, if Bitcoin rises and risk appetite for altcoins gradually increases, the channel’s midpoint at $0.07 could become a target.
Recently, we noted that the price at the channel midpoint of $0.07 could retreat to current channel support. Targeting above $0.07 would then be $0.084 and $0.094.
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