As of the last business day of the week, exciting developments are taking place in the cryptocurrency market. Especially after Donald Trump's election victory, the upward movements observed in cryptocurrencies are drawing attention. While major altcoins such as Solana (SOL), Chiliz (CHZ) and Cardano (ADA) are affected by this process, these increases after a long period of stagnation have given hope to investors. So, how are the expectations shaped for these three altcoins?
Solana (SOL)$SOL
With Trump's victory, the expected upward movement in Solana has occurred. It is expected that the cryptocurrency market will gain more momentum in the coming period, especially the crypto-friendly approaches of the new administration are a great source of excitement for investors. The continuation of ETF applications for Solana creates significant potential among altcoins. The charts show that Solana Coin is currently finding buyers at $ 211 and struggling with sales above $ 210. If it manages to rise above the $ 225 peak, investors can expect higher levels. However, in order to target the $ 300 level, the resistance at $ 256 must first be overcome.
Chiliz (CHZ)$CHZ
Chiliz Coin continues its efforts to protect the middle level of the channel after falling to the $0.06 level. Positive developments in the markets may create a new upward wave for this altcoin, as in past cycles. Although Chiliz has been affected by the recent decline in Bitcoin's price in the short term, investors can take advantage of this opportunity. Especially if the $0.0848 level is broken, Chiliz is likely to gain strong upward momentum. Experienced investors know very well that patience can be profitable, based on their experiences in previous cycles.
Cardano (ADA)$ADA
Cardano (ADA) has pleased its investors by gaining 118% in the last 11 days. After a 240-day break, ADA has managed to rise above the $0.6 level again. If the critical resistance levels are overcome by the end of 2023 and early 2024, it seems possible for ADA to reach levels of $1 and above. If demand increases and resistances are broken, Cardano is expected to climb to $0.78 first and then to values above $1, its historical peak. However, first, the resistances at $0.639 and $0.580 should be closely monitored.