Market Participants Assess Predictions for SHIB, AVAX, and SOL Coins

Analysis of Shiba Coin

Shiba Coin investors have encountered significant selling pressure after failing to regain support at the $0.00002084 parallel channel. Contributing to this downturn, the recent pullback in BTC prices led to a 26% loss over six days during the second attempt. Although there was a rise from the $0.00001550 support, sales above $0.00001810 are currently restraining further increases.

AVAX Price Forecast

Despite reaching higher peaks on August 24 and September 28, AVAX has again lost momentum. Presently, the price needs to reclaim channel support at $31.63, which is above the current level of $26. After a 55% rise from the August low, it is poised for new support tests due to the halt in making higher peaks.

Solana (SOL) Insights

As a major competitor to Ethereum $2,431, SOL Coin maintains high hopes for rising prices, differentiating itself from many other cryptocurrencies. Bulls have avoided prolonged closes below $125 but are currently encountering resistance around $162. Investors trading between these levels have made substantial gains over the past 178 days, although those holding SOL Coins are frequently returning to their original positions.