Bitcoin (BTC) $105,086 has been experiencing a downturn for approximately 16 hours, hovering around $101,900. The volatile nature of cryptocurrency markets has impacted several altcoins, such as SOL Coin, despite many positive developments. Investors are eager to find out what lies ahead for SOL, DOGE, CEEK, and XRP Coins as they analyze current chart patterns and market predictions.
Solana (SOL) and Dogecoin (DOGE)
With changes in SEC leadership, market hopes for cryptocurrency ETF applications have increased. However, immediate price changes are not expected. As excitement fades around meme coins associated with Trump, SOL Coin continues to struggle, lingering at $243.
Having shifted its all-time high (ATH) upward, SOL Coin is now moving towards support levels of $240 and $228. If BTC weakness persists, new local lows could appear, potentially reaching $202. Concrete actions from Trump regarding cryptocurrencies are essential to maintain investor risk appetite, with closures above $252 paving the way for new ATH.
Despite the negativity, DOGE prices maintain support at $0.33 and $0.30, indicating ongoing interest from new investors. Overall risk appetite remains weak as BTC has not yet achieved higher peaks and has not begun consolidation. A retest at $0.30 may occur, but current targets are set at $0.38 and $0.44.
Comments on CEEK and XRP Coins
CEEK Coin, while attempting a speculative trial at $0.0357, continues to eye the support level at $0.0295. If this area is lost, a test of the November low at $0.024 could happen. The significant gains of 140% post-elections have largely diminished, leaving CEEK Coin risky in the long term for previously mentioned reasons.
After Gensler announced his resignation, XRP Coin doubled in price over 56 days. The coin currently awaits the SEC’s new crypto-friendly face to conclude non-fraud-related lawsuits. This significant development may lead to Paul Atkins’ Senate approval, which could take several weeks.
The SEC’s establishment of a crypto team and steps toward building regulations will offer supportive news for XRP Coin prices. New extreme selling lows might be observed between $2.94 and $2.72, contingent on BTC nearing $90,000.