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Reading: Market Analysts Predict Price Movements for SOL, XRP, CHZ, and FLOKI Coins
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COINTURK NEWS > Technical Analysis > Market Analysts Predict Price Movements for SOL, XRP, CHZ, and FLOKI Coins
Technical Analysis

Market Analysts Predict Price Movements for SOL, XRP, CHZ, and FLOKI Coins

In Brief

  • November shows significant upward movement in the cryptocurrency market.

  • SOL and XRP demonstrate strong potential for price increases.

  • CHZ and FLOKI also show opportunities for growth in the near term.

Ömer Ergin
Ömer Ergin 6 months ago
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November has emerged as one of the most significant upward periods in history for cryptocurrency. Although “Uptober” did not meet expectations, Trump’s unexpected victory in the elections altered the landscape. Bitcoin $103,193 remains around the $99,000 mark, but altcoins have yet to initiate the anticipated major rallies. However, alternatives like ADA, XRP, and SOL have yielded good returns. What are the predictions for SOL, XRP, CHZ, and FLOKI Coins?

Contents
Predictions for SOL and XRP CoinsComments on CHZ and FLOKI Coins

Predictions for SOL and XRP Coins

SOL Coin has broken its all-time high at $259.9, now reaching $264. While altcoins generally face pressure as BTC nears the $100,000 threshold, SOL Coin has remained relatively strong.

As altcoins begin to recover losses against BTC, SOL Coin could reach new peaks above $350. Currently, Solana $172, which hosts the most active transactions, has outperformed Ethereum $2,343 in various metrics. In case of a downturn, $250 is expected to serve as support, while a deeper correction could see a test at $232.

XRP Coin surged by 40% following the recent news about Gensler’s resignation. This development has significant implications for the price, as previously mentioned. The current SEC Chairman officially announced his resignation effective January 20, leaving his position without pressure from Trump.

A more lenient successor is expected for cryptocurrencies, which may halt lawsuits against them, except for fraud cases. The court’s decision to overturn the definition change that allowed the SEC to file lawsuits against DeFi protocols also invalidated lawsuits against altcoins like UNI Coin.

XRP Coin can now focus on its new medium-term targets between $2 and $3, provided that BTC begins consolidating at higher levels.

Comments on CHZ and FLOKI Coins

Chiliz (CHZ) remains above the $0.07 midpoint but has failed to break through channel resistance. It is normal for altcoins to weaken against BTC during such ATH periods; therefore, these upper wicks are understandable. With closings above $0.0851, the CHZ Coin price is expected to target the range of $0.1275 to $0.1664, followed by targets around $0.30.

The attempt at $0.0002905 was exciting for FLOKI Coin, though it did not lead to more significant movement. With support at $0.0002363, this popular altcoin could rebound to $0.0003505.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 22 November, 2024 - 9:12 pm 22 November, 2024 - 9:12 pm
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