You can also read this news on COINTURK NEWS: Catch the Latest Trends in Cryptocurrency: SOL, CEEK Coin, and Chiliz
As the cryptocurrency market fluctuates around $90,000, various factors, including tariff announcements, are causing prices to rise and fall. The appetite for altcoins has been severely impacted for an extended period. Despite Friday’s crypto reserve announcements, market enthusiasm remains weak.
On Friday, a representative from Solana will attend the Crypto Summit at the White House. However, rising tensions between the U.S. and its trading partners are fueling global uncertainty. Concerns are increasing that the economy may suffer further blows as the Fed delays interest rate cuts. Unlike previous cycles, cryptocurrencies are not standing alone; they are attempting to maintain stability under numerous external pressures.
SOL Coin, which maintains support at $136, finds buyers at $144. Although it briefly approached the $180 mark this week, the price quickly retraced nearly $40, followed by a larger selling candle next to the big green one.
Since October 2023, SOL Coin has gained 1222% over 473 days, slightly surpassing its previous cycle peak. Perhaps this is the extent of the rally we can expect this cycle? While conditions for further rises appear favorable for cryptocurrencies, unexpected factors like tariffs threaten to hinder that progress.
CEEK Coin, which has seen significant community support wane, continues its long-term ATL journey. Despite occasional upward spikes, it is struggling to regain its foothold around the $0.018 region in the metaverse segment.
The metaverse has been forgotten, and many investors are convinced of CEEK Coin’s failure, naturally driving the price in search of new, deeper lows.
Chiliz (CHZ) tends to show positive performance in the first two quarters, yet the overall negative environment in the cryptocurrency markets has pushed it down to the $0.044 support level. If it recovers from here, its first target will be $0.06, followed by tests of $0.072 and $0.084.
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