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As of the time of this writing, Bitcoin 
$83,660 trades near $62,000, reflecting a continued weakness in risk appetite across the broader cryptocurrency market. Over the past two quarters, altcoin investors have faced ongoing difficulties. While many short-term traders have adapted to profit from sales opportunities, those holding onto their assets have not been satisfied with the current market conditions. What are the predictions for SHIB, AVAX, and SOL coins?
Analysis of Shiba Coin
Shiba Coin investors have encountered significant selling pressure after failing to regain support at the $0.00002084 parallel channel. Contributing to this downturn, the recent pullback in BTC prices led to a 26% loss over six days during the second attempt. Although there was a rise from the $0.00001550 support, sales above $0.00001810 are currently restraining further increases.
Following a peak at the end of September, Shiba Coin has seen a decline back to support. Upcoming Fed minutes are expected to increase volatility in the cryptocurrency markets, which may test the resistance levels mentioned earlier in adverse conditions.
AVAX Price Forecast
Despite reaching higher peaks on August 24 and September 28, AVAX has again lost momentum. Presently, the price needs to reclaim channel support at $31.63, which is above the current level of $26. After a 55% rise from the August low, it is poised for new support tests due to the halt in making higher peaks.
For AVAX, a convincing close above $50 will signify a safe zone impacted by the overall market recovery. This could potentially lead the price to focus on a three-digit target.
Solana (SOL) Insights
As a major competitor to Ethereum 
$1,572, SOL Coin maintains high hopes for rising prices, differentiating itself from many other cryptocurrencies. Bulls have avoided prolonged closes below $125 but are currently encountering resistance around $162. Investors trading between these levels have made substantial gains over the past 178 days, although those holding SOL Coins are frequently returning to their original positions.
At some point, a strong upward breakout will be necessary to surprise traders operating within a narrow range. However, with BTC closing below $68,000, this scenario appears unlikely in the short term.
