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As the last business day of the week concludes, cryptocurrency traders have experienced exciting days. Following Trump’s victory in the elections, the market witnessed impressive movements. Particularly after over 200 days of dull activity, this upward breakout has brought relief to investors. So, what are the latest predictions for SOL, CHZ, and ADA Coins?
Solana (SOL)
With Trump’s win, the anticipated pump has arrived. We should now see a rise in cryptocurrencies following Gensler’s announcement of his resignation. The new administration’s crypto-friendly stance adds excitement about the next four years. Additionally, ongoing ETF applications for SOL and other altcoins might lead to approvals for cryptocurrencies outside of ETH.
Turning to the charts, SOL Coin has found buyers at $211 and is fighting sales above $210. Achieving a peak of $225 in 2024 is a significant accomplishment, as it is just below its all-time high. Many altcoins have not approached their all-time highs as closely.
Chiliz (CHZ) Coin
After falling to $0.06, CHZ Coin continues to target the midpoint of its parallel channel. This positive aspect is noteworthy since the midpoint of the channel has not been lost. However, the recent pullback in BTC’s price from above $93,000 has hindered short-term performance.
In the coming days and weeks, surpassing the $0.0848 level should initiate the expected movements for CHZ Coin. Investors who experienced the end of 2020 and early 2021 fully understand the need for patience, recognizing that declines during previous cycles were merely temporary.
Cardano (ADA) Coin
ADA Coin, which gained 118% in 11 days, is among the fortunate cryptocurrencies. It is once again above the $0.6 level after nearly 240 days. We previously discussed the breakout anticipated in the crucial channel between December 2023 and January 2024. Notably, the price was above the resistance line of the channel at the time of writing.
If a pullback occurs, the resistance at $0.6396 and $0.5805 could be tested. However, in a bullish environment, closing above $0.78 would pave the way for an all-time high journey above $1.
