Bitcoin‘s recent price surge past the $69,000 mark has led investors to shift their focus towards altcoins, causing many cryptocurrencies to witness double-digit gains. The upcoming macroeconomic data expected on Friday is anticipated to be favorable for the crypto market, potentially triggering another breakout.
What Are the Key Factors for Terra Classic?
The Terra Classic (LUNC) community, despite significant efforts by Terra Rebels, has not achieved substantial success. With new alternatives emerging daily, the remnants of Terra face limited prospects. Although speculative price movements may persist, significant long-term gains seem unlikely. A potential price support at $0.000126 might pave the way for a new attempt towards $0.000170.
How Will SOL Coin Perform?
For SOL Coin, closures above $98.3 suggest an ongoing upward trend. However, for short-term momentum, converting the $205 resistance into support is crucial. Without this, fluctuations between $188 and $162 are likely to continue. If support is lost, familiar targets of $142 and $120 will be in play. A breakout remains essential for SOL Coin due to its history of rapid increases during airdrop periods.
Chiliz (CHZ) Price Analysis
Following a breakout at $0.095, the price of CHZ Coin climbed to $0.167 but failed to progress further due to Bitcoin’s volatility and diminished network update excitement. As long as the price stays above $0.141, risks of dropping to $0.125 and $0.116 remain low. If $0.155 can become a support level, targets between $0.23 and $0.3 are achievable after surpassing the previous peak.
Insights for Investors
– Monitor macroeconomic data releases for potential impacts on crypto market movements.
– Track Terra Classic’s price support at $0.000126 for possible speculative opportunities.
– Watch for SOL Coin’s performance around the $205 resistance level for signs of short-term acceleration.
– Observe CHZ Coin’s support levels at $0.141 and $0.155 for potential upward targets.
In conclusion, as Bitcoin’s price movement draws attention to altcoins, significant opportunities and risks present themselves across various cryptocurrencies. Investors should remain vigilant and informed about key price levels and market trends.