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Cryptocurrency investors experienced extremely high volatility with significant price movements in the last 24 hours. Those who took advantage of the dips made small gains as BTC maintained its support. So, what are the key levels to watch for CHZ, SOL, and FLOKI Coin now? What awaits investors at this stage?
Chiliz (CHZ)
One of the most important players in the fan token space, CHZ Coin struggled for higher peaks for months. Although it has started making attempts again these days, it tumbled from the area it targeted upwards due to BTC sales. This was related to Bitcoin experiencing losses exceeding $2,000 in a very short time.
The CHZ Coin price dropped to the $0.110 support and quickly jumped to $0.127 as it did before. However, losing the $0.148 level dashed hopes for targets above $0.2. Currently, if closures above $0.123 continue, it can reclaim the key level to re-enter the upward trajectory. If excessive sales continue, new dips will be sought between $0.103 and $0.084. Closures above the second support level can support the continuation of the upward sentiment in the medium term.
Solana (SOL)
The SOL Coin price dropped to $152 and will seek new dips between $142 and $129 if sales continue over the weekend. At the time of writing, it had regained the $162 support. Although this is relatively positive, SOL Coin is not in the desired area. The Fed’s pressure is likely to be felt on the market over the next few days. While the European Central Bank has made its first rate cut, the Fed’s continued tight stance could trigger a new DXY rally.
FLOKI Coin Commentary
While waiting for bigger peaks at the right price area, FLOKI Coin investors’ dreams were shattered. The $0.000243 level is holding for now, and just as it was about to reach a new record at $0.000324, BTC dropped at a very unfortunate time. Investors need to be aware of the risk that the short-term upward scenario may be canceled if closures fall below $0.000210.
If sales continue, excessive sales could be seen down to $0.000158. In a worse environment, $0.000094 will be targeted.
