Cryptocurrency enthusiasts recognize that altcoins have yet to enter a desired upward phase. However, this shift could happen soon. In past instances, even brief price increases created a feeling that they would continue indefinitely, leading few to consider price drops during such times. This phenomenon is referred to as a bull market. If the prevailing sentiment today is one of concern over declines, it suggests we have not yet reached such a market. Nevertheless, it does not imply that such conditions will never arise. Perhaps the peak is closer than it has ever been.
Shiba Coin and Solana (SOL)
Crypto traders eagerly anticipate the return of bullish days that seem to have been forgotten amidst prolonged market downturns. The current market has experienced one of the longest altcoin bear markets in history, with little more than temporary price spikes since its onset. This situation persists even in an environment where the U.S. is undergoing a crypto-friendly transition.
What is causing this delay? Certainly, the anticipated rise has been hindered by tariffs that are significantly larger than expected and Trump’s persistent and forceful remarks since April 2. Yet, the tide is turning, and an official trade agreement is expected to be signed soon. Additionally, the U.S. has expressed willingness to engage in further discussions with China.
Assuming we’ll hear more positive news in May, how might Shiba Coin perform before the anticipated interest rate cuts begin after June’s lengthy pause? The price is expected to break the threshold of 0.0000152 dollars for the second time. Following this, Shiba Coin may reclaim the 0.0000169 dollar support and likely target the peak at 0.0000241 dollars.
In a contrary scenario, investors face little to fear; we could see new lows down to 0.00001053 dollars.
For Solana 
$177 (SOL), if May sees a rise, we anticipate closing prices above 158 dollars. Convincing closes above this level will signify confidence in a larger rally that targets 300 dollars. A normal upward movement may see the price test the 182-188 dollar range, and if the 202-205 dollar area turns into support again, it could pave the way for significant rallies in both Solana and the broader ecosystem.
Chiliz (CHZ)
As leagues finish, CHZ still falls short of expectations. It remains unmatched in the fan token space, but it is not 2021 any longer, and crypto investors have faced considerable disillusionment over the years. Should we witness a prolonged bull market, we hope Socios will announce the major news that has been anticipated, allowing prices to potentially revisit 2021 levels. For now, CHZ remains in an oversold condition.
In a positive scenario, CHZ could test 0.07 dollars, turning this zone into support, which would then target the thresholds of 0.08477 and 0.096 dollars. Conversely, the price remains close to its lows.
