Bitcoin $91,973 price fell to $91,530 during the writing, with altcoin losses exceeding 5% today. Continuous declines in BTC have led altcoins to relinquish much of the gains they secured following Trump’s victory. What are the latest predictions for HBAR, Solana $187, and Chiliz?
Insights on HBAR Coin
BTC price fell below $92,000 following Michael Saylor’s announcement of BTC purchases. As this drop persists, we have noted that such declines often occur after each purchase update.
Although Tether made a $700 million BTC purchase attempt to reverse prices, the likelihood of a market rebound appears slim before the holiday. HBAR Coin is currently priced at $0.269, reflecting a nearly 4% daily loss.
After Trump’s victory, HBAR Coin surged by 755%. It still maintains support at $0.253, indicating potential for further increases. If it recovers the $0.306 threshold, targets of $0.339 and $0.374 may be achievable.
Outlook for Solana (SOL) and Chiliz (CHZ)
Weakness in BTC has caused SOL Coin to pull back 30% from its peak of $264 reached 38 days ago. Investors remain optimistic as the $178 support level is still intact, despite recent declines.
If SOL Coin price can close above $201 again, it may reclaim $224. Following this, a rally is expected, although BTC continues to linger in the $92,000 range.
For CHZ Coin, the levels we highlighted have proven significant. Currently, the support at $0.0853 has been lost. If this trend continues, CHZ Coin could provide a new buying opportunity at $0.07 for latecomers.
Additionally, in cases of excessive selling, the downside target is set at $0.0590. In a more optimistic scenario, targets of $0.0977 and $0.1160 are likely.
Overall trading volumes across cryptocurrencies have decreased by 52% to $119 billion. With the end of the holiday period, there are hopes for a resurgence in trading volumes to support bulls.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.