Bitcoin’s decline below $64,000 has put a halt to the surge in altcoin prices. This setback can be attributed to the recent test of the $65,000 mark and the emergence of a stronger competitor against Trump. As a result, many altcoins have turned red. Let’s take a closer look at the latest predictions for LUNA, SOL, CHZ, and CEEK Coin.
LUNA Coin’s price failed to maintain the $0.43 support due to the anticipated rejection at $0.46 coinciding with Bitcoin’s downturn. If Bitcoin doesn’t rebound, there may be potential attempts at $0.38, and continued selling could push the target down to $0.3.
SOL Coin fell below the $162 mark as a result of the market sentiment shift and investors selling off. However, as long as there are no closures below $153, SOL Coin could see new upward movements. The opening of Asian markets will provide more clarity on whether the recent drop was a trap. If selling pressure continues, the $135 base might be tested, with further support levels at $116 and $100.
CHZ Coin’s middle line of the parallel channel remains intact, but the pace of sales will depend on Bitcoin’s weakness. Currently just below the $0.07 support, CHZ Coin might test the parallel channel support at $0.058 if the decline continues. Daily candle closures above $0.077 are necessary for a potential recovery and to see new peaks in the range of $0.106 to $0.132.
For CEEK Coin, the critical support level of $0.039 couldn’t be reclaimed. This is in line with the pattern seen in most altcoins, where higher support levels have turned into resistance, preventing further price rises. If Bitcoin’s selling pressure persists, CEEK Coin could revisit the recent all-time low level of $0.028.
To summarize:
– LUNA Coin may reach $0.3 if Bitcoin’s decline continues.
– SOL Coin needs to stay above $153 for new upward movements.
– CHZ Coin requires daily closures above $0.077 for a potential recovery.
– CEEK Coin might drop to $0.028 if Bitcoin’s selling pressure continues.
It is important to monitor Bitcoin’s performance and key support levels for altcoins in the coming days, as they heavily depend on Bitcoin’s movement in the market.