The cryptocurrency market has regained interest following significant fluctuations driven by Trump's unexpected election victory. Investors are closely monitoring the prospects for Solana, Chiliz, and Cardano.
What's Next for Solana (SOL)?
A surge in the crypto market is predicted following the election, with Gensler's resignation and the new administration's favorable outlook on cryptocurrencies bolstering optimism. Pending ETF applications for SOL and other altcoins may lead to approvals beyond just Ethereum.
Is Chiliz (CHZ) Coin Set for a Rally?
CHZ Coin, which dipped to $0.06, now aims to reclaim ground within its parallel channel. The midpoint remains intact despite recent declines in Bitcoin's price impacting short-term gains. A breakthrough above $0.0848 could signal greater momentum for CHZ Coin, with long-term investors recalling the cyclical nature of such movements.
Cryptocurrency Market and Political Shifts
The analysis indicates that Solana has found support around $211, with a potential peak of $225 in 2024. Chiliz needs to surpass $0.0848 for anticipated upward movement. Cardano has surged 118% recently, focusing on maintaining support above $0.6. The market's current trajectory suggests promising opportunities for these cryptocurrencies, especially with the political landscape shifting towards a more crypto-friendly environment.
Observing the changes in the political landscape and financial markets, crypto investors can capitalize on potential growth opportunities.
