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LUNA, SOL, and CHZ Coin are expected to experience turbulent days, and BTC tested $60,000 for the second time. Although today’s attempt followed the inflation data, buyers were not as strong as expected. Within about an hour, the price reversed, returning to the $57,000 level where the rise began. So, what are the current predictions for altcoins?
LUNA Coin Analysis
LUNA Coin is still lingering below the parallel channel support at $0.548 and is trying to form new support at $0.373. If a bounce starts from here, $0.440 can be tested. For the sales triggered at the beginning of June to reverse, the price needs to reclaim higher supports and return to the channel at $0.548.
After returning to the parallel channel, the target of $0.8 will come into focus. However, for now, BTC does not seem supportive in this regard. BTC price, lingering at $57,500, failed in today’s $60,000 test. The increasing weakness at lower levels could signal deeper corrections.
Solana (SOL) Analysis
SOL Coin did not return to its parallel channel due to the impact of the latest ETF news and continues to stay on its upward trajectory. The price, finding buyers at $137, could not stay above $143 despite many attempts. If it succeeds, the rise could continue to $154 and $162. However, losing $122 will bring targets of $112 and $98 into focus.
ETF applications have been made, and as we see more developments regarding SOL Coin ETF applications, this could positively impact the price. On the other hand, a possible recovery in the general market sentiment could multiply the activity in the highly popular Solana network, causing the altcoin’s price to rise faster compared to its peers.
The main target for SOL Coin will be the range of $205 to $256 with closures above $188. Beyond this, a new all-time high will be targeted.
Chiliz (CHZ) Analysis
While it was expected that the middle area of the parallel channel could be tested, the intensity of the tests led to unexpected failures. CHZ Coin struggles to close above the $0.07 threshold despite multiple attempts. If the middle area of the parallel channel can be reclaimed, the ceiling at $0.084 will be targeted.
A new attempt continuing to $0.106 may begin. In the event of a BTC drop, the channel base could see new spikes below it.
