Bitcoin's value is just below the $60,000 mark, with its current price hovering around $59,950.
Although altcoins have stopped falling, Bitcoin's struggle to break the $60,500 mark is making investors cautious.
Experts are monitoring potential price movements in LUNA, SOL and CHZ coins depending on Bitcoin's performance.
LUNA Coin's Upcoming Challenge: What to Expect?
LUNA Coin fell as low as $0.294 on July 5 due to heavy selling, but has since established support above $0.35. Having lost 54% in a 28-day period, LUNA must return to the $0.4 and $0.43 levels to start a recovery. Finding support above $0.54 could signal a significant upside with a target of $0.8. Investors should closely monitor these critical price levels for possible recovery signals.
Can Solana Coin Break New Highs?
Solana's price remained relatively stable despite ETF news from VanEck and 21Shares. If SOL can sustain closes above $125, it could approach the $150 level. Bitcoin's performance in the same time frame is critical—if successful, it is possible for Solana to support the $162 level, consolidate around $188, move past $205 and ultimately target $256 and above. It will be important for SOL investors to monitor Bitcoin's strength.
The Path of CHZ Coin
CHZ Coin is moving positively in its parallel channel thanks to closes above $0.063. Bitcoin's upward move could push CHZ towards channel resistance at $0.085, then $0.0953. For a significant bounce towards the $0.3 level, CHZ needs to regain the $0.106 and $0.14 thresholds. Investors are expecting a parallel rally with the opening of Asian markets and are hoping to gain actionable insights by closely monitoring these critical levels.
Conclusion...
In summary, the cryptocurrency market is in a critical period with Bitcoin around $60,000. LUNA's recovery depends on breaking $0.4, Solana's potential growth depends on stability above $125, and CHZ's future depends on Bitcoin's momentum. Investors are cautious but hopeful, waiting for developments that will inform their strategies.
📈📉 #LUNA/USTD #LUNC✅ #solana #Chiliz $LUNA
