Cryptocurrencies are experiencing low trading volumes again, which is typical for weekends. The total volume continues to stay below $50 billion. Although BTC has surpassed $60,000 again, sales at this level indicate that short-term bearish investors are taking profit. What are the current predictions for SOL, CHZ, FLOKI, and Mina Coin?
Solana (SOL)
At the time of writing, the SOL Coin price is above $143. Although many altcoins have experienced significant losses, SOL Coin has not seen a massive crash during this period. This indicates that investor demand continues. Network activity also supports this. Its speed, low cost, and weak annual inflation rate put it ahead of its competitors. Rumors about the withdrawal of two ETF applications could not be confirmed, so the sudden drop was short-lived. SOL Coin, which maintained $126 as support, created long lower wicks during declines despite multiple attempts. Investors continue to keep their appetite alive at lower levels. In the short term, closing above $155 could mean a move back towards $188.
Chiliz (CHZ)
For CHZ, an altcoin that Turkish crypto investors are interested in, the premium period should start now. Leagues are starting, and these periods generally indicate a rise for fan tokens. For sudden short-term rises, the parallel channel support at $0.588 needs to be reclaimed, and the middle area at $0.7 needs to be gained.
FLOKI Coin
The base support to be maintained for an upward movement is at $0.000111, and FLOKI Coin bulls are maintaining this. On the other hand, the barrier at $0.0001348 has not yet been overcome, which is related to the general market negativity. Although the upward movement that started 174 days ago brought significant gains, the general negativity since June has worn down FLOKI Coin bulls. However, it is positive that there has been no return to the levels where the rise began.
Mina Coin
Another altcoin that Turkish investors are interested in, Mina Coin, has entered a race to support new initiatives to quickly build its ecosystem after launching its mainnet. If tangible applications go live before the end of this year, the news flow could be in favor of Mina Coin bulls. A sharp upward movement started at the end of October 2023. Although Mina Coin achieved massive gains over the past 300 days, it has almost returned to its lows from the previous year. For the altcoin, which rose to $1.71 in 2024, $0.47 and $0.53 need to be surpassed again. Above this, turning $0.58 into support could target the $0.905 resistance again.
Thus, while the current market situation continues to be volatile for cryptocurrencies, the outlook for SOL, CHZ, FLOKI, and Mina Coin depends on various factors, including internal network activity and overall market trend.
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