Bitcoin price was minutes away from the monthly close as this article was prepared, finding buyers at over $61,400. SOL Coin achieved significant gains in the last 24 hours. Many altcoins saw an increase of over 15%, and the rally of BTC has not yet been fully felt in the altcoin market.
Solana (SOL)
If Bitcoin price continues to stay above $60,000 without any major surprises, its consolidation in March could trigger movement in altcoins. The rapidly rising BTC price could offer altcoins a chance to surge over 30% during this consolidation period. The excitement of BTC nearing its all-time high is already being felt in altcoins like SOL Coin.
Solana, one of the largest smart contract platforms, has reclaimed its upward trend from December. If the price closes above $125, it could reach even higher peaks. The altcoin, which approached the $135 mark in recent hours, encountered some selling pressure.
If SOL Coin can close above $137.5, it could reach new highs between $158 and $176.5. In a potential accelerated rally in March, sell-offs above $158 will determine the extent of the peak. The toughest resistance lies at $203.5.
CHZ Coin Analysis
The price has tested the once-dreamt-of resistance at $0.145, having previously surpassed the $0.086 barrier. If CHZ Coin can sustain above the current level, it could move towards larger peaks at $0.155 and $0.17.
If we are to see a major rally in altcoins in March, the target for CHZ Coin will be the famous $0.275 resistance. With the end of the altcoin league season approaching and supported by significant new developments about Chiliz Chain, it could aim for new highs.
CEEK Coin Analysis
The price finally broke through the parallel channel resistance. Despite massive gains in BTC price, CEEK Coin saw a modest increase. If the Bitcoin price continues its strong performance, the price could revisit the $0.06 resistance area in March.
Above this, resistances lie at $0.065 and $0.079.
