• 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

6 months 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.

Other news

Bullish, the Crypto Exchange Backed by Peter Thiel, Prepares for IPO

chest

Bullish has filed for IPO, seeking to enter the public market and compete with major players.

user avatarGiorgi Kostiuk

USDC Use on Stellar and Its Impact on XLM Value

chest

Statistics show a rise in USDC transactions on Stellar, indicating growing utility that fuels speculation on XLM prices.

user avatarGiorgi Kostiuk

Litecoin Records New Open Interest at $761 Million. Is LTC Heading to $120?

chest

Litecoin has reached a new record open interest of $761 million, and 66.3% of addresses are in profit, raising hopes for a price increase to $120.

user avatarGiorgi Kostiuk

World Liberty Announces WLFI Token Launch Valued at $16 Billion

chest

WLFI token by World Liberty plans to debut with a $16 billion valuation, with significant backing from DT Marks DEFI LLC.

user avatarGiorgi Kostiuk

Impact of GENIUS Act: Trump Establishes Federal Stablecoin Guidelines

chest

President Trump has signed the GENIUS Act, establishing federal regulations for stablecoins and impacting the U.S. crypto landscape.

user avatarGiorgi Kostiuk

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.