Bitcoin price is hovering around $60,000 today and is at $59,950 at the time of writing. Although the decline for altcoins has paused for now, BTC price not reclaiming $60,500 yet keeps investors cautious. So, if BTC rises on Monday, what could be the prices for LUNA, SOL, and CHZ Coin?
LUNA Coin Analysis
On July 5, during extreme sell-offs, the LUNA Coin price dropped to $0.294 and is now finding buyers above the $0.35 support. The losses from early July have not yet been compensated. The price had consistently fallen for 28 days until July 5, eroding by 54%.
If we are to see an upward recovery, the $0.4 and $0.43 levels need to be reclaimed. This would indicate a reversal of the 28-day losses. Once the $0.54 parallel channel support is regained, a new peak target of $0.8 will come into play.
Solana Coin Analysis
Due to the ETF news, losses here were relatively limited. Although SOL Coin ETF applications were officially made by VanEck and 21Shares, poor timing dampened its impact on the price. For now, closures above $125 have opened the door for a new attempt at $150. Of course, BTC price must remain strong during this period.
If successful, the SOL Coin price could turn $162 into support and start a consolidation process in the $188 range. Subsequently, surpassing the key $205 resistance could continue the journey to $256 and beyond to new all-time highs.
This situation could trigger a new phase where meme coins in the Solana ecosystem achieve more impressive gains. Due to this assumption, assets like BONK could also experience significant volatility.
CHZ Coin Analysis
With closures above $0.063, CHZ Coin is advancing to the middle area of the parallel channel and could reach the $0.085 channel resistance with a potential BTC rise. The next level to surpass would be $0.0953. For the long-awaited rise targeting $0.3, the thresholds of $0.106 and $0.14 must be reclaimed.
BTC is currently on track, and investors hope the upward momentum will begin with the Asian market opening (if the upward movement does not accelerate at the weekly close).
