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Reading: Cryptocurrency Market Sees Surprising Volatility as Shiba, Solana, and BONK Coins Shift
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COINTURK NEWS > Technical Analysis > Cryptocurrency Market Sees Surprising Volatility as Shiba, Solana, and BONK Coins Shift
Technical Analysis

Cryptocurrency Market Sees Surprising Volatility as Shiba, Solana, and BONK Coins Shift

In Brief

  • BTC's rise did not echo in the altcoin market over the weekend.

  • Shiba shows long-term potential shaped by its ecosystem development.

  • Solana and BONK face short-term volatility, influenced by Fed speculation.

Ömer Ergin
Ömer Ergin 3 weeks ago
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As the weekend commences, BTC price shows an upswing despite the lack of gains in the altcoin market. In the shadows of weekend’s low trading volume, a sense of weakness persists. The focal point for investors involves contemplating the futures of Shiba Coin, Solana $175, and BONK Coin amidst this scenario.

Contents
Shiba Coin Price PredictionSolana (SOL) and BONK Coin Analysis

Shiba Coin Price Prediction

The second largest meme coin by market value, Shiba Coin, left a mark in 2021. Its proactive approach during the NFT and metaverse boom solidified its position. It is distinguished among meme coins for actively building its ecosystem and taking concrete steps, suggesting a long-term potential.

Following an unsuccessful attempt to reach $0.00001439, SHIB’s price moved towards the $0.00001298 support. The potential for further losses is evident short-term as upward attempts have dwindled. In the event of a downturn, a test of $0.00001239 is plausible, especially as BTC’s rise overshadows altcoins.

Solana (SOL) and BONK Coin Analysis

Among Ethereum $2,559’s largest competitors, Solana (SOL) trades at $147, experiencing a 2% loss today. Weekend trading demonstrates low volume, eliciting concerns, and weakness is acknowledged as the daily closure nears. Accelerated weekend sales could lead to cautious tendencies toward the upcoming Fed meeting.

If the decline persists, $143 is a crucial level, with potential lower wicks between $136 and $125. Fed meeting weeks induce high volatility in cryptocurrencies with significant movements in both directions; evaluating stop levels is beneficial for investors.

Facing reduced tariff-related uncertainty and acknowledging a long hiatus in rate cuts, weekend upper wicks might arise. This could drive targets toward the $167 and $183 zones.

SOL Coin’s price increase at April’s was mirrored by BONK Coin, showing some movement. A turnaround appears underway from its peak, with a decline potential extending below $0.0000181 down to $0.00001643 and $0.00001485.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 3 May, 2025 - 1:31 am 3 May, 2025 - 1:31 am
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