Critical Warning to Investors: Is Bitcoin (BTC) Preparing for a New Drop?

Very few people believed that the price of Bitcoin would be above $34,500 today, 15 days ago. However, $BTC achieved this. We have also seen some significant increases in some of the top 50 cryptocurrencies. $SOL Coin was one of them. So what are the expectations for $AVAX, $SOL, and Chiliz, which are among the favorites of altcoin investors?

$SOL Coin Reviews

In the CoinShares report that came this week, institutional interest in $SOL Coin was over $10 million. The net inflow exceeded $70 million annually. While the ETPs of other altcoins are not receiving as much attention, the continuous demand for $SOL Coin is remarkable.

Moreover, its growth above the general market average also shows that institutions have made the right choice. As for the price, the $27 resistance level, which was difficult to overcome, was surpassed this time because $BTC has been increasing at an abnormal pace. $SOL Coin is now at the $33 boundary.

It would not be surprising if it extends the rally to the $37 resistance area very quickly. However, $BTC’s performance is also important here. As the possibility of the world being more preoccupied with further wars increases while US stock markets decline, $SOL Coin, which has surpassed its July peak, could visit the $37 and, if successful, the $48 resistance area. The $37.6 region is critical, as it is an important area on the weekly chart both as support and resistance. Bulls will aim for an accelerated rally on a daily close above this level.

$AVAX Coin Chart Review

Even Stars Arena boosted $AVAX. The popular Ethereum competitor, which will have an annual inflation rate of up to 40%, could not exceed $10.8. At the time of writing, it is at $10.4. $AVAX investors have been unhappy for a few days because they missed the $BTC rally. If the price can exceed $12.4, targets of $14.3 and $18 could come into play. For now, $AVAX stands out among altcoins that have not priced in the latest $BTC rally.

Chiliz ($CHZ) Coin Review

The popular fan token has returned to the parallel channel and is in the middle area. If $CHZ Coin can close above $0.07, we could see $0.075 and $0.081. One of the altcoins that did not benefit enough from the $BTC price increase is $CHZ Coin.

However, maintaining $0.065 is positive. The last attempt at a rise in the weeks of September 25 and October 2 on the weekly chart is still ongoing. If we see a weekly close above the $0.067-68 level, surpassing $0.085 with FOMO triggers massive gains.