The leading cryptocurrency remains above $103,700 while altcoins present a flat trajectory as the day unfolds. However, Ethereum 
$2,421‘s price hovers near the $2,600 mark. With expectations of lower trading volumes over the weekend, a dip in value is anticipated unless some significant surprise occurs. Additionally, forthcoming announcements concerning China next weekend could introduce volatility, despite the current focus on Trump’s tax legislation. The burning question remains: what do the latest forecasts suggest for SOL, CHZ, PEPE, and BNB coins?
Solana (SOL) and Chiliz (CHZ)
The notorious weekend doldrums are known to trigger tedious movements. Despite witnessing several promising developments in the realm of cryptocurrencies lately, the prevalent “sell and go on vacation” motto of the summer sees investors maintaining a cautious stance.
Positioned amidst this cautious climate, SOL Coin failed to close above $175, resulting in upward attempts being confined to upper wicks. Nonetheless, the price staying above the $162 support evokes hope. Should the anticipated meeting between Xi and Trump materialize, surpassing the $188 crucial threshold could potentially lead to new attempts within the $203-$205 range, with forthcoming news set to be pivotal.
Cryptocurrencies like CHZ garner constant demand, akin to assets such as SOL Coin. For these assets to initiate more significant movements, complete confidence in the altcoin market is crucial, which is currently absent. In a potential rapid rise scenario, closing above $0.048 is expected before reclaiming the $0.072 mark.
BNB Coin and PEPE Coin Insights
BNB Coin, similar to CHZ, remains immersed in a rise range while enduring less damage amidst declines. The current price straddles the 2021 all-time high level and has proven significantly resilient compared to numerous cryptocurrencies. Although its rally commenced from a $590 base has encountered resistance at the $673 level, maintaining the $630 threshold preserves the upward momentum.
Investors might witness upper wicks between the $680 and $730 range in case of potential upward movements.
Lastly, the focus is on PEPE Coin. Having delivered expectations, we have written about seeing larger gains spurred by the anticipated rise in Ethereum’s price. With an over 80% surge, the price sits above the critical $0.00001270 region. A rally initiated by Ethereum’s close above $2,700 is expected to help PEPE reach a new peak within the $0.00001719 and $0.00002182 range quickly.
