The recent surge in Bitcoin (BTC) $98,960 prices, reaching as high as $91,827, has been backed by historical data and signals a rewarding period for those who patiently awaited this rise. Following Trump’s election victory, the BTC price accelerated, and it managed to maintain above $91,500 during the article’s preparation.
Solana (SOL)
Today, BlackRock announced the expansion of its issued tokenized fund BUILD onto the Solana $257 network. With support from the BTC price increase, the SOL Coin price has risen above $216. After months of struggle, SOL bulls have surpassed the $210 ceiling and are now targeting $256.
The true rise in SOL Coin price is expected when BTC reaches its peak and BTC dominance loosens, potentially leading bulls towards an uncertain target above $500. This impressive rise, especially for SOL Coin, which faced a possible drop to zero two years ago, underscores the extreme nature of the cryptocurrency market regarding risk and rewards.
AVAX Commentary
Due to high annual inflation and increased interest in other altcoins, AVAX has been lagging in its recent surge. While many cryptocurrencies are reaching their annual peaks, AVAX remains at lower levels. The support at $31.38 has been regained, and bulls may now aim for $42.8.
Chiliz (CHZ) Coin
Another altcoin struggling to gain the desired profits and staying below its annual peak is CHZ Coin. While altcoins like DOGE, SOL, and PEPE are differentiating positively, the overall interest in altcoins is lacking as investors are focusing on BTC’s rise. If you believe CHZ Coin can deliver good returns this bull season, it might be at a buying point alongside AVAX, as both assets are still below their annual peaks.
Targeting the mid-channel area, CHZ Coin can potentially reach $0.1672 after surpassing resistance levels at $0.0848 and $0.1157 following a $0.7 rise. However, should BTC experience a corrective phase, we may observe dips back to the support level or even below it.