On Friday, the accelerated sales in the US markets led to significant altcoin sales. However, BTC, which managed to hold around $54,000, currently allows for small recoveries in altcoins.
Chiliz (CHZ)
The central hub for fan tokens, Chiliz (CHZ), had not fallen below $0.0534 even during last year’s declines. It didn’t even see current levels during the FTX collapse. Friday’s drop pushed it to a bottom of $0.0474. The price, which dipped to $0.0442 during the August crash, may not struggle to find medium and long-term buyers at current levels. However, BTC needs to stay away from the risk of falling to $40,000 first.
FLOKI Coin
FLOKI Coin, which lingered below the $0.0001289 base, still maintains its bottom support at $0.0000984. The recent drop did not create a significant lower wick. Investors are accustomed to waiting profitably in this altcoin and believe in bull targets, so they are still lingering at levels suitable for a rebound.
Solana (SOL)
SOL Coin’s ETF story is over, network activity is weakening due to disinterest in meme coins, and altcoins are crashing. SOL Coin price recently turned back from $121.8, which was expressed as a risky area. If the sales had continued, $111 could have been retested. Under current conditions, if $138 can be turned into support, attempts at $162 can be reopened. Of course, BTC price performance will be decisive here as well.
XRP Coin
Ripple (XRP) finds buyers at $0.52, and compared to this year’s other downturns, it is in a relatively good position. If BTC can recover, focus can shift to upward targets with the reclaiming of $0.540. Investors looking for a good buying opportunity for the last quarter may set their sights on supports between $0.48 and $0.4 for their final entries.
In conclusion, significant altcoin sales continue in the cryptocurrency market, but BTC is holding its ground, providing opportunities for minor recoveries in altcoins. Nevertheless, the key factor remains the importance of BTC's level of negativity for further predictions.
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