In light of current global economic and political events, the focus shifts heavily to the altcoin market. Major cryptocurrencies like AVAX, SHIB, Solana, and Floki Coin continue to draw considerable attention.
How Will AVAX and Shiba Coin Fare?
AVAX has managed to hold its support level at $22.38. If the downward trend persists, the target could drop to $20.4. Conversely, if Bitcoin surpasses the $85,000 mark, projections for AVAX may rise to $26.7. SHIB has held steady at $0.00001311 despite the broader downturn in meme coins, suggesting that the selling pressure may be diminishing.
Can Solana Recover?
The emergence of Trump Coin sparked a wave of interest in Solana's network, although it prompted protests due to its orchestrated rise. Currently priced at $139, SOL faces critical support at $121, while a breach of $155 could signal a trend reversal.
Prospects for Floki Coin
FLOKI Coin is currently priced at about $0.0000802, with hopes for recovery targeting $0.0001001. Investors are closely watching these developments amid ongoing market volatility.
Investors are closely monitoring the developments in the altcoin market. The interplay between market sentiment and external factors will be crucial in determining the trajectory of these cryptocurrencies.
