altcoins It wasn’t a good start to the week and BTC price It dropped to $93,700 in the last 24 hours. Risk appetite has not yet recovered, both because it is a holiday week and because the Fed has officially announced the known pessimistic scenario for 2025. The good news is that $90,500 can be maintained as support and a possible reversal in altcoins could bring quick gains.
Solana (LEFT)
SOL Coin At the time of writing, it was sold at $184. The support level of $177 is maintained despite being tested many times. Those looking for a short selling opportunity will probably increase their positions when it falls below this support level, but this can turn into a big trap if the long-awaited real rise period in altcoins begins.
If the support is lost, we can see continued sales up to $156. However, if the $204 level can be regained, the nightmare will probably end for SOL Coin and the $260 ATH zone will come to the fore.
For now, everyone’s eyes are on whether BTC can regain six-digit levels. Among the ETFs that are likely to be approved as of January SOL Coin There is, too, and the expectation of possible approval by the new SEC administration should begin to price in soon.
Chiliz (CHZ) and CEEK Coin
CHZ Coin The level we have been drawing attention to for months is $0.0856, and we talked about the importance of this region yesterday. If it can be maintained as support, movement towards resistance levels may begin again. However, closes below could lead to a test of the parallel channel mid-area at $0.07.
Those looking for a short selling opportunity can create short positions to take profits at points close to the $0.07 level if CHZ Coin loses support in case of a possible sudden BTC drop. However, we should not forget that the trend is still upward and the market may give a bad surprise to the bears in the opposite direction after breaking the support.
CEEK Coin The situation is such that it will foster pessimism in the longer term. We mentioned that if $ 0.0446 is lost, we could see a drop to $ 0.0297. That’s exactly what happened.
Now, attempts are being made to convert $0.0343 into support, and if successful, an attempt may be made at the support level.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
