Chiliz

Solana

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/btc-hits-60000-again" data-wpel-link="internal">BTC Hits $60,000 Again</a><br></p>
<p style="text-align: justify">The cryptocurrency market is navigating a period of considerable fluctuation as LUNA, <a href="https://en.bitcoinhaber.net/backpack-exchange-teams-up-with-banxa-to-enhance-cryptocurrency-transactions" data-wpel-link="internal">Solana</a> (SOL), and Chiliz (CHZ) brace for volatile days ahead. BTC’s attempt to breach the $60,000 mark for the second time this week was met with insufficient buying strength, causing a rapid price retreat to $57,000. This movement follows recent inflation data and raises questions about the near-term expectations for altcoins.</p> 
<h2 id="can-luna-coin-recover">Can LUNA Coin Recover?</h2> 
<p style="text-align: justify">LUNA Coin remains below its parallel channel support at $0.548, seeking to establish new support around $0.373. A potential bounce from this level could lead to a test of $0.440. To reverse the downward trend initiated in early June, LUNA must reclaim higher supports and re-enter the channel at $0.548. However, BTC’s current price level near $57,500 suggests that deeper corrections could be on the horizon.</p> 
<h2 id="will-solana-maintain-its-uptrend">Will Solana Maintain Its Uptrend?</h2> 
<p style="text-align: justify">Solana (SOL) has not re-entered its parallel channel, partly due to the influence of recent ETF <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">news</a>, yet it continues its upward momentum. The price, which found support at $137, struggled to hold above $143. Successfully doing so could extend the rally to $154 and $162. However, if SOL falls below $122, it may target $112 and $98. Ongoing developments in SOL Coin ETF applications could positively impact its price, especially if market sentiment improves, potentially accelerating SOL’s rise compared to other altcoins.</p> 
<h2 id="insights-for-traders">Insights for Traders</h2> 
<p style="text-align: justify"> – LUNA needs to surpass $0.548 to stabilize.<br> – SOL’s price could surge with ETF approvals.<br> – CHZ struggles to break past $0.07 but aims for $0.084. </p> 
<h2 id="what-are-chiliz-s-next-moves">What Are Chiliz’s Next Moves?</h2> 
<p style="text-align: justify">Chiliz (CHZ) has seen intense testing around the middle area of its parallel channel, resulting in unexpected failures to close above $0.07. Reclaiming this central area could shift the target to the channel ceiling at $0.084. A continued attempt could push the price to $0.106, but a BTC decline might trigger new lows below the channel’s base.</p> 
<p style="text-align: justify">Despite the market’s volatility, these altcoins exhibit potential pathways for recovery and growth. For traders and <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">investors</a>, staying informed and vigilant will be key to navigating the uncertain terrain ahead.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/btc-hits-60000-again" data-wpel-link="internal">BTC Hits $60,000 Again</a></h5>

BTC Hits $60,000 Again

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Інші статті, опубліковані 11 лип. 2024 р.

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