Current market trends show significant price fluctuations in key altcoins such as LUNA, AVAX, SOL, and CHZ. In this article, we will analyze the current changes and possible predictions for these cryptocurrencies.
LUNA Coin Analysis
The recovery at $0.40 led to speculative attempts towards $0.510, but a significant portion of gains was erased. It was announced that many services would be halted if Terraform Labs could not sell them to third parties. Nevertheless, speculative traders influenced the chart once again. If the decline continues, attempts below $0.3098 can be expected as the support from which the recovery started is lost.
AVAX Price Commentary
Although AVAX had the opportunity to accelerate with the recent rise in BTC, the bulls failed once again. The return below $30 and the current price of $28.2 indicate instability. If the $27.2 level is breached, the AVAX price could fall to the support level of $22.8. The current level of $28 might allow for a quick bounce back if BTC recovers.
Solana (SOL) Analysis
The general market decline also dashed SOL bulls' hopes, causing the price to drop below the $160 level. The $162 level remains critically important, and after rejection at resistance, SOL investors faced a new drop to the $148-$150 range. If this level cannot be maintained, a test at $138 is possible, while the target above the $162 resistance is $188.
Chiliz (CHZ) Coin Review
After a 44% increase in nine days, CHZ is retreating from the mid-area of its parallel channel. The resistance at $0.0702 was not surpassed due to the BTC drop. If selling continues, the price could test $0.0588, with $0.0647 having the potential to act as support.
Significant price fluctuations in LUNA, AVAX, SOL, and CHZ continue to impact the market amid instability. Pay close attention to the indicated support and resistance levels when planning your actions.
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