Cryptocurrency

Solana

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-prices-face-volatility/" data-wpel-link="internal">Cryptocurrency Prices Face Volatility</a><br></p>
<p style="text-align: justify">LUNA, SOL, and <strong>CHZ Coin</strong> are expected to experience turbulent days, and <strong>BTC</strong> tested $60,000 for the second time. Although today’s attempt followed the inflation data, buyers were not as strong as expected. Within about an hour, the price reversed, returning to the $57,000 level where the rise began. So, what are the current predictions for altcoins?</p> 
<h2 style="text-align: justify" id="luna-coin-analysis">LUNA Coin Analysis</h2> 
<p style="text-align: justify">LUNA Coin is still lingering below the parallel channel support at $0.548 and is trying to form new support at $0.373. If a bounce starts from here, $0.440 can be tested. For the sales triggered at the beginning of June to reverse, the price needs to reclaim higher supports and return to the channel at $0.548.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-369903 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/LUNAUSDT_2024-07-11_22-36-51.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">After returning to the parallel channel, the target of $0.8 will come into focus. However, for now, BTC does not seem supportive in this regard. BTC price, lingering at $57,500, failed in today’s $60,000 test. The increasing weakness at lower levels could signal deeper corrections.</p> 
<h2 style="text-align: justify" id="solana-sol-analysis">Solana (SOL) Analysis</h2> 
<p style="text-align: justify"><strong>SOL Coin</strong> did not return to its parallel channel due to the impact of the latest ETF <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> and continues to stay on its upward trajectory. The price, finding buyers at $137, could not stay above $143 despite many attempts. If it succeeds, the rise could continue to $154 and $162. However, losing $122 will bring targets of $112 and $98 into focus.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-369904 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/SOLUSDT_2024-07-11_22-40-54.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">ETF applications have been made, and as we see more developments regarding <strong>SOL Coin ETF</strong> applications, this could positively impact the price. On the other hand, a possible recovery in the general <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> sentiment could multiply the activity in the highly popular <a href="https://en.coin-turk.com/surge-in-solanas-value-continues-to-attract-analyst-attention/" data-wpel-link="internal">Solana</a> network, causing the altcoin’s price to rise faster compared to its peers.</p> 
<p style="text-align: justify">The main target for SOL Coin will be the range of $205 to $256 with closures above $188. Beyond this, a new all-time high will be targeted.</p> 
<h2 style="text-align: justify" id="chiliz-chz-analysis">Chiliz (CHZ) Analysis</h2> 
<p style="text-align: justify">While it was expected that the middle area of the parallel channel could be tested, the intensity of the tests led to unexpected failures. <strong>CHZ Coin</strong> struggles to close above the $0.07 threshold despite multiple attempts. If the middle area of the parallel channel can be reclaimed, the ceiling at $0.084 will be targeted.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-369905 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/CHZUSDT_2024-07-11_22-44-16.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">A new attempt continuing to $0.106 may begin. In the event of a BTC drop, the channel base could see new spikes below it.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrency-prices-face-volatility/" data-wpel-link="internal">Cryptocurrency Prices Face Volatility</a></h5>

Cryptocurrency Prices Face Volatility

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