Bitcoin price has rebounded after hitting a low of $38,555 on January 12, now approaching its highest level in nearly a month. At the time of writing, the price stands at $44,870, which was last seen during the decline on January 12. This recovery has also led to a resurgence in altcoins. Demand on exchanges has been reviving over the past few days.
Solana (SOL)
BTC has become active again, climbing up to $44,958 at 16:53. SOL Coin has reached $103.5. Securing the $102.5 region is critical for maintaining the upward trend. If SOL Coin is to continue its upward movement that started in December, it must reclaim the trend line at $111.
The $111 region is also the key resistance area from the last rally. SOL Coin has several supportive factors, such as network token launches and increased activity. Moreover, its high speed and low-cost transactions could give it an edge in the upcoming bull season.
The Solana network, with high adoption, continues to grow with ongoing airdrops. Comparing the days when popular applications and collections on the network fled to competitors during the FTX collapse to today, there is a significant shift in sentiment. If the $126 and $140 resistance levels are also breached, reaching $200 before the end of the year could be within reach. Of course, the overall market sentiment will be a decisive factor at this point.
Bitcoin is currently above the resistance zone and could see a positive trend in altcoins over the next few weeks if it does not turn this into a deviation with a sudden drop.
CHZ Coin Price
As the end of the season and cup matches approach, we have been predicting the expected movement for CHZ Coin for months. The positive outlook continues. Chiliz price has turned the $0.1 region into support. If the positivity in the BTC price persists, recovery towards $0.14 could continue after $0.105 and $0.113.
The next few months could be a period of impressive rises for fan tokens. If tangible steps are seen in targeting blockchain for fan tokens, CHZ Coin could potentially move towards $0.3.
