Bitcoin’s price is currently around $60,000, standing at $59,950. While altcoin declines have halted, Bitcoin’s inability to breach $60,500 keeps investors wary. Analysts are speculating on potential price movements for LUNA, SOL, and CHZ Coins if Bitcoin sees an increase on Monday.
How Will LUNA Coin Perform?
LUNA Coin experienced a sharp drop to $0.294 on July 5 amidst severe sell-offs, but has since found support above $0.35. The coin’s price had been declining for 28 days, resulting in a 54% loss. For a recovery, LUNA needs to reclaim the $0.4 and $0.43 levels to reverse these losses. Regaining support at $0.54 could set the stage for a new peak target of $0.8.
Will Solana Coin See New Highs?
Solana‘s price faced limited losses thanks to ETF news, despite official ETF applications from VanEck and 21Shares. Stable closures above $125 are paving the way for a potential attempt at $150. However, Bitcoin’s strength during this period is crucial. If successful, Solana could turn $162 into support, consolidate around $188, and possibly exceed the $205 resistance, aiming for $256 and higher.
CHZ Coin Prospects
CHZ Coin is progressing towards the middle of its parallel channel, supported by closures above $0.063. A rise in Bitcoin could propel CHZ to the $0.085 channel resistance, with the next target being $0.0953. For a substantial rise towards $0.3, CHZ must reclaim the $0.106 and $0.14 thresholds. Investors are hopeful for upward momentum with the opening of Asian markets.
User-Usable Inferences
– **LUNA Coin**: Monitor for a rise above $0.4 to signal a recovery.
– **Solana Coin**: Watch for stability above $125 as an indicator for potential growth to $150 and beyond.
– **CHZ Coin**: Look for Bitcoin’s rise to push CHZ to $0.085 and higher targets.
As Bitcoin hovers near $60,000, both altcoin and broader market movements hinge on its performance. Investors remain cautious but optimistic, awaiting further developments.