Solana (SOL)
On November 4, 2024, BTC lingered below its all-time high. As election results approached, excitement created caution among crypto investors. This is not surprising, as SOL Coin continues to hover around $162.
For 238 days, the significance of the $162 level has been emphasized. Other critical points include the $138 level and the $188 resistance. SOL Coin has largely fluctuated within a 30% range. While short-term traders have profited from buying low and selling high, a breakout has yet to occur.
Avalanche (AVAX)
AVAX dropped to $23.2 and continues to show weak performance. Fluctuations in Bitcoin’s price could influence its movement, but its weak performance throughout 2024 suggests this trend may persist. Both annual inflation and a strong competitive environment pose challenges for AVAX.
If the $22.6 level is breached, testing $20.5 and $17.7 is possible. For a convincing recovery, AVAX must reclaim $42. Otherwise, movements between $20.5 and $40 can be expected, with recent lower highs indicating a concerning trend.
CHZ Coin Comments
CHZ Coin has fallen 67% from its peak in May over 159 days. We mentioned that losing the mid-range could lead to testing channel support, which has occurred with recent price declines. If selling continues, a test of $0.0486 may happen, while a reversal could push the price back to $0.07, with further targets at $0.083 and $0.096.
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