• 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

CRA's Focus on NFT Transactions and Tax Compliance

chest

The Canada Revenue Agency (CRA) is emphasizing the tax implications of NFT transactions, treating them as taxable events.

user avatarAyman Ben Youssef

Canada's CRA Launches Dapper Labs Tax Investigation

chest

The Canada Revenue Agency (CRA) has launched a tax investigation into Dapper Labs users, focusing on NFT transactions to ensure compliance with tax obligations.

user avatarSon Min-ho

Macron Warns of Global Financial Crisis Due to Lax US Crypto Regulations

chest

French President Emmanuel Macron warns that lax US cryptocurrency regulations could lead to a global financial crisis, urging the EU to adopt stricter measures.

user avatarTando Nkube

BullZilla's Distinctive Attributes Attract Investor Attention.

chest

BullZilla's ecosystem includes the HODL Furnace and Roarblood Vault, enhancing community engagement and investment returns.

user avatarNguyen Van Long

BullZilla Presale Gains Momentum with Limited Token Availability

chest

BullZilla presale is rapidly filling up as traders rush to secure tokens before the next price surge.

user avatarSatoshi Nakamura

Solana and Sui Show Strong Market Performance Amid BullZilla's Rise

chest

Solana and Sui are experiencing renewed interest and growth, impacting the overall crypto market sentiment.

user avatarKofi Adjeman

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.