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Bitcoin Holds Firm While Altcoins Charge Toward Record Highs

Bitcoin Holds Firm While Altcoins Charge Toward Record Highs

Author:
CoinTurk
Published:
2025-05-08 16:13:00
10
2

Crypto markets defy gravity as BTC stabilizes above $70K—just in time for altcoins to make their move.

Ethereum, Solana lead the charge with double-digit weekly gains

Memecoins flip from joke to juggernaut as traders chase the next 100x

Meanwhile, Wall Street still can’t decide if this is ’digital gold’ or a speculative bubble—but keeps writing checks anyway

$101,281 can maintain its six-figure price range. The potential for these altcoins to enter significant upward phases is being closely monitored by market enthusiasts.

ContentsADA Coin Price ProjectionSolana (SOL)Chiliz (CHZ)

ADA Coin Price Projection

ADA Coin, one of the largest altcoins by market capitalization, is maintaining its support at $0.70 and has surpassed $0.73. A critical resistance level at $0.83 is key for further ascent, especially if Bitcoin continues to display strength. Preserving these levels could see ADA Coin ascend to higher peaks, reinforcing investor confidence in a possible bull market.

In parallel economic developments, reductions in tariffs from China could positively impact the global economy, creating a more favorable backdrop for ADA Coin. If market conditions remain optimistic, reaching the psychological threshold of $1 for ADA might not be far-fetched. Positive shifts in economic policy could thus bolster market sentiment.

Solana (SOL)

SOL Coin, recognized as a leading competitor to Ethereum$2,077, has been highlighted for potential ETF listing, elevating its prominence in the crypto space. SOL Coin’s price has surged past $158 and found buyers at $160, signaling renewed activity in the Solana$160 ecosystem. This momentum is closely watched, as maintaining the $158 support could propel the price toward $180.

Nevertheless, it is crucial for bitcoin not to initiate an early test of $98,500 to sustain this upward trajectory. A market where $202-$203 is reclaimed might witness strong rallies across the altcoin segment, reinforcing the bullish outlook for the crypto markets.

In a downturn scenario, pivotal supports exist at $148 and $142.

Chiliz (CHZ)

As sports seasons conclude, Chiliz Coin (CHZ), a major player in the fan token domain, faces reduced opportunities this year. Should Bitcoin’s upward trajectory accelerate, it could unfavorably affect CHZ. However, CHZ Coin, recently subject to excessive selling, could potentially reclaim $0.06 and $0.072 with closures above $0.045, offering a glimpse of short-term recovery.

At the time of writing, Bitcoin stands robust at $101,000, anchoring the broader cryptocurrency market’s performance. This shows not only the resilience of Bitcoin but also sets a promising stage for a potential rally within the altcoin market.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap 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.

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