Bitcoin price today hovers around $60,000 and is trading at $59,950 as of writing. Although the decline in altcoins has paused for now, BTC price not reclaiming $60,500 keeps investors cautious. What could LUNA, SOL, and CHZ Coin be worth if BTC continues to rise on Monday?
LUNA Coin Analysis
On July 5, during extreme sell-offs, the LUNA Coin price dropped to $0.294 and is now finding buyers above the $0.35 support. The losses from early July have not yet been fully recovered. The price had steadily declined for 28 days until July 5, eroding by 54%.
For an upward recovery, the $0.4 and $0.43 levels need to be reclaimed. This would indicate a reversal of the 28-day losses. Once the parallel channel support at $0.54 is reclaimed, a new peak target of $0.8 will come into play.
Solana Coin Analysis
Losses here were relatively limited due to the ETF news. Although SOL Coin ETF applications were officially made by VanEck and 21Shares, poor timing dampened its impact on the price. For now, closures above $125 have opened the door for a new attempt at $150. Of course, BTC price must remain strong during this period.
If successful, the SOL Coin price could turn $162 into support and start a consolidation process in the range up to $188. Following this, surpassing the key $205 resistance could continue the journey to $256 and beyond to new all-time highs.
This situation could trigger a new phase where meme coins in the Solana ecosystem achieve more impressive gains. Due to this assumption, significant volatility could also be seen in assets like BONK.
CHZ Coin Analysis
With closures above $0.063, CHZ Coin is advancing to the middle area of the parallel channel. With a potential BTC rise, it could reach the channel resistance at $0.085. The next level to surpass would be $0.0953. For the long-awaited rise targeting $0.3, reclaiming the thresholds at $0.106 and $0.14 is essential.
BTC is currently on track, and investors hope the upward momentum will start with the Asian market opening (if the upward movement does not accelerate at the weekly close).
