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Cryptocurrencies did not have a good weekend and their volumes significantly decreased. BTC is at $61,000. Bears eager for deeper lows were thwarted by buyers emerging at the $60,000 level. Meanwhile, several key developments throughout the week are expected to increase volatility in the crypto market.
Solana (SOL)
The next 7 days are expected to trigger volatility in altcoins due to major events. The April inflation data will be released in a few hours, and if it is again poor, it could trigger a significant downward break in cryptocurrencies. So what is the current situation specifically for SOL Coin? The popular smart contract platform’s altcoin lost $150 and is finding buyers at $144 as this article is being prepared.
Bitcoin’s failure to remain above $63,000 is causing investors to take less risk in altcoins. If the selling continues after the unsuccessful attempt at $158, a correction back to $126 and $119 could be seen. For now, maintaining $141 as support is crucial. If resistance is overcome, peaks between $180 and $205 could be targeted again.
LUNA Coin Commentary
Fortunately, LUNA Coin is successfully maintaining support at the $0.55 parallel channel. Although many experts now call it a ghost project, investors like its potential to rise. A rapid turnaround in BTC price could lead to a speculative surge, which wouldn’t be surprising. However, if it loses support, new historical lows below $0.33 could be seen.
The nearest resistance is at $0.67, and above that, barriers at $0.88 and $1.
PEPE Coin Reviews
A relatively new meme coin that made a mark last year. If BTC had allowed, it could have reached much higher peaks. However, since March 20, Bitcoin has started an annoying movement, moving away from the $73,777 barrier, dampening hopes. Still, PEPE Coin is relatively well off compared to the general market.
If it can overcome resistance at $0.00000890, new ATH attempts wouldn’t be surprising as long as $0.00000773 is maintained as support. The main goal is for the price to erase another zero and reach peaks above $0.00001082.
