Bitcoin (BTC) $68,545 Although the price made a convincing attempt to reach a new all-time record high, the elections undermined this. Things took a turn for the worse with the news that Iran would retaliate before the elections. Again, BTC price’s ongoing struggle to maintain $68,500 is positive. Alright AVAXWhat are the predictions for SOL and CHZ Coin?
Solana (LEFT)
On November 4, 2024 BTC It was stalling below its all-time record level. Hours before the election results are announced, the excitement brought by the expectation pushes cryptocurrency investors to be cautious. This situation is not surprising. SOL Coin continues to linger at $162 at the time of writing.
We have been talking about how the $162 level is a key point for 238 days. There are many key points like this. For example, the $138 level or the $188 resistance. SOL Coin has been lingering in the roughly 30 percent range for months. Although short-term traders made good profits in this process by buying at the bottom and selling at the top, we have not seen a breakout yet.
Avalanche (AVAX)
AVAX dropped as low as $23.2 and continues to perform poorly. Fluctuation in Bitcoin price may also stimulate it. But this is likely to continue as it performs poorly through 2024. Both annual inflation and the strong competitive environment are challenging for AVAX.
If $22.6 is lost, $20.5 and $17.7 can be tested. AVAX He has to get back $42 for the convincing return. Apart from that, movements between $20.5 and $40 may continue, and the continuous lower highs seen recently do not paint a good picture for now.
CHZ Coin Reviews
CHZ Coin It fell 67% from its peak in May in 159 days. We mentioned that channel support could be tested with the loss of the midfield. It just so happened that the price fell below the channel support with the last bearish candles. If the selling continues, $0.0486 may be tested. In the opposite scenario, a return to $0.07 would be expected. Then, the channel top at $0.083 and $0.096 levels can be targeted.
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.