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Altcoin investors did not have a good September, and the new month started negatively. BTC is lingering below $58,000. The long-standing lack of appetite among altcoin investors was almost a harbinger of bigger dips. So, what is expected in altcoins as BTC recently saw its new low at $57,568?
LUNC Coin Chart and Future
As September started poorly for cryptocurrencies, altcoin sales are creating a ripple effect. Especially assets like LUNC Coin that have taken severe hits are likely to see deeper lows this year. At the time of writing, the price is approximately $0.00007438. We mentioned that $0.00007310 could soon be breached. Now, sellers will try to push the price to the $0.00006290 base by breaking this support.
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In an environment where the last support is also lost, the 2023 year-end low levels of $0.00005483 could be targeted. This would not be surprising for the future while legal issues with Do Kwon and the management team continue. A potential recovery in the general market sentiment could trigger speculative rises for LUNC, as seen many times in the past.
Solana (SOL) Chart and Price Future
With the ETF rejection and a decline in network activity, things are getting tough for SOL Coin. Although it is one of the strongest competitors to Ether, the dampening of risk appetite has fully hit the Solana ecosystem. This year, the story of meme coins with a market value below $50,000 has created massive demand on the Solana network.
So, what happened now? Solana DeFi volumes saw the lowest levels of recent months. Of course, this situation also undermined the view that SOL Coin would positively differentiate in the process.
The $128 support is being tested for the fifth time. In recent attempts, the price has made lower highs, and if this results in the loss of support with accelerated BTC sales, SOL Coin could tumble below the parallel channel resistance at $111.
CEEK Coin Future
The metaverse area has turned into a category dried up from long-standing neglect on top of the overall market negativity. The metaverse, which big companies showed intense interest in, has not been talked about for a while. Moreover, even giants like MANA and SAND experienced massive losses. We mentioned the issues CEEK Coin had with its community and other details.
If the decline continues, new targets below the $0.02557 bottom could be focused on.
