Altcoins remain generally positive as BTC retargets $58,000. SOL, CHZ, and CEEK Coin have been on the move with the recent BTC recovery. So what are the current predictions for these altcoins? Bitcoin $56,980.12 How many dollars could they be in an environment where the price is targeting peaks above $60,000 again?
To the left (LEFT)
In 2021, the total locked value on the network was close to $ 10 billion for Solana. Then, with the FTX crash, it fell to $ 260 million. While the price recovered from $ 8.5, TVL of course increased and after exceeding $ 5.6 billion, it fell back to the 4.8 billion band.
Volume fell to $400 million in August, but has been anchored above $700 million for a few days. However, it remains weak compared to the last period of growth. Before the decline deepens SOL Coin We mentioned that the price could drop to $122, now the price has returned from $121 and is stalling at $136.
If it can sustain above $138, we could see the price return to the $150-$162 range. However, in the opposite scenario, new needles down to $110 are likely as BTC has yet to reclaim $60,000.
Chiliz (CHZ)
Returning once again from $0.0467 as the bottom level CHZ Coin It is now trying to turn $0.0516 into support. The price, which has been falling for 104 days, has lost 67 percent during this period. Although investors insisted on a return between March and June, the fluctuations experienced by the BTC price caused the losses to accelerate as of June. We have also written for months that the $0.1042 and $0.0853 levels could be the last points for escape.
Now, in order for the CHZ Coin price to return to $0.1 levels, it needs to reclaim the parallel channel support at $0.0593. If it can do this, it can reclaim $0.07 and $0.0853.
CEEK Coin Comment
Years ago metaverse We saw that investors accelerated their sales of CEEK Coins after it was announced that their lands would be sold in stablecoins instead of CEEK Coins. At that time, we wrote that this investor reaction could lead to bigger problems in the altcoin. Afterwards, interest in the metaverse weakened significantly. CEEK Coin fell further.
If the altcoin, which saw its all-time low and pulled it down even further, can convincingly reclaim $0.0398, we can talk about the potential for a comeback. Otherwise, new lows may be seen.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
