• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Market Pressure: Solana and Chiliz Facing Challenges Amid Bitcoin's Decline

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin's price has significantly dropped to new lows, greatly impacting the altcoin market, including Solana and Chiliz.

Impact of Bitcoin Decline on Altcoins

As Bitcoin falls to $92,500, pressure on altcoins increases with Solana and Chiliz facing tests of key support levels as unfavorable U.S. data heightens selling pressure.

Current Solana (SOL) Situation

Solana (SOL) risks falling further to $176. Currently, it is attempting to recover from a local low of $188. However, recovery may only begin if it reaches $202-203, which could then lead to a rally towards $220 and $228.

Chiliz (CHZ) Outlook

Chiliz (CHZ) continues to face challenges despite positive news momentum. After losing support at $0.0856, it still holds above $0.072. If Bitcoin rebounds, this might give CHZ the opportunity to reach targets of $0.1163 and $0.1431.

The current market environment highlights the importance of Bitcoin movements for altcoins like Solana and Chiliz. Subsequent investor decisions may influence further price changes in these assets.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Chainlink Faces Bearish Momentum Amidst Key Resistance Levels

chest

Chainlink is experiencing a bearish shift in momentum, with sellers gaining control in the short term. The 955 level remains a critical pivot for potential recovery.

user avatarElias Mukuru

Bitcoin and Gold Correlation Hits Record Low

chest

The correlation between Bitcoin and Gold has dropped to its lowest level since November 2022, indicating a strong negative relationship between the two assets.

user avatarDiego Alvarez

Ripple Advances in Regulatory Pathways for Banking License

chest

Ripple is making significant strides in its efforts to secure a full banking license in the United States.

user avatarMaria Fernandez

Ripple's CEO Discusses Potential Banking License Impact on XRP

chest

Ripple's CEO discusses the potential impact of securing a full banking license on XRP's price and market position.

user avatarKenji Takahashi

Bitcoin Coinbase Premium Gap Shows Positive Trend for 25 Days

chest

The Bitcoin Coinbase Premium Gap has remained positive for 25 consecutive days, indicating potential renewed demand from American institutional traders.

user avatarGustavo Mendoza

FBI Issues Warning About Fraudulent Tokens on Trons Network

chest

The FBI has issued a warning about fraudulent tokens on the Trons network that falsely claim to be from federal law enforcement.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.