The leading cryptocurrency is preparing to end the week on a disappointing note, with altcoins dropping around 10% today. Gains are weak and slow, but losses are extremely rapid. This indicates that investors are on edge. So, what are the current predictions for the popular altcoins SOL, XRP, BNB, and PEPE Coin?
SOL Coin Chart Analysis
Now that the ETH ETF is trading on exchanges, SOL ETF applications are next. We will likely discuss new applications and the final decision date by March 2025. The SEC administration will change before the final decision date. Moreover, the approval of the ETH ETF has made it difficult for the SEC to reject SOL Coin and other potential applications.
Is SOL Coin aware of this? No, it isn’t; short-term panic has dropped it by over 6%. The price is lingering at $167. The $162 support remains, and closures below it could lead to a drop to $128. If the price lingers in the current range, it could fluctuate between the $180 ceiling and the support.
XRP Coin Analysis
Despite surpassing the parallel channel support, the XRP Coin price has made several attempts to reach $0.58. Now it has lost $0.6 and could drop back to support. Below this, the $0.54 and $0.48 targets could be retested. Investors are losing appetite again, and the failure of BTC price to reclaim the $65,000 support could fuel deeper dip concerns.
BNB Coin Analysis
BNB Coin made several attempts for closures above $600 and succeeded in June, reaching a new ATH of $720. However, due to the negative market sentiment, it is targeting $545 again. If this is lost, it could drop to the $480 levels. The safe zone is above $600, and for a rise, the main resistance before the $635 ATH must be surpassed.
PEPE Coin Chart Analysis
If the ETH ETF had triggered a real rise, PEPE Coin would have benefited the most. It is one of the most popular meme coins on the network, but the general market sentiment has also shaken it.
The $0.0000112 support is about to be lost. New drop spikes could be seen between $0.00000996 and $0.00000825. For a rise, closures above $0.0000128 will be sought.
