Cryptocurrency Market Faces Decline as Altcoins Drop

Cryptocurrency Market Declines Amidst Altcoin Slump

Leading cryptocurrency prepares for a dismal week-end, dragging altcoins down by 10%

Investors remain jittery as gains prove arduous and losses swift. Key altcoins including SOL, XRP, BNB, and PEPE Coin face uncertain futures.

SOL Coin Chart Analysis

The ETH ETF's presence on exchanges raises expectations for SOL ETF applications. New applications and a decision by March 2025 are anticipated. The change in SEC administration may influence the outcome.

SOL Coin has experienced a 6% drop due to short-term panic. The price rests at $167 with $162 acting as support. Closures below this level could trigger a decline to $128.

XRP Coin Analysis

XRP Coin has struggled to surpass $0.58 despite attempts. A recent $0.6 loss could lead to a retest of support at $0.54 and $0.48. The failure of BTC to reclaim $65,000 support raises concerns for further declines.

BNB Coin Analysis

BNB Coin has repeatedly attempted to close above $600, successfully reaching an ATH of $720 in June. Negative market sentiment is now pushing it towards $545, with further decline possible to $480.

PEPE Coin Chart Analysis

PEPE Coin has been impacted by the general market sentiment.

The $0.0000112 support is on the verge of being lost, with potential drop spikes to $0.00000996 and $0.00000825. Closures above $0.0000128 are necessary for a recovery.