Bitcoin price fell below $42,500, but the weakening market dominance is providing opportunities for altcoins. In December, we observed significant recoveries in some altcoins. This week, double-digit gains became so normalized that over 30 altcoins on the Binance exchange experienced this simultaneously.
Solana (SOL) Price Predictions
As 2023 ends, SOL Coin was trying to hold the $100 level. However, it is likely to fail as liquidity probably starts shifting to alternative cryptocurrencies. The daily loss approached 8%.
Now, there is a downturn for SOL Coin. The price, unable to stay above the $113 level, is returning to the $97 base. If it breaks below this, we can expect sales to continue down to $79. A rebound could occur from there, but in the worst-case scenario, sales could continue down to $45.
For BTC, next week we need to see AP approvals in ETF filings, which would mean an unofficial confirmation. The market’s reaction to this development will be significant.
Chiliz (CHZ) Price Predictions
Months passed and finally, the CHZ Coin price escaped the parallel channel it was stuck in. The price is at the threshold of $0.09, and it will be important for the last weekly close to be above this threshold. If it fails again, in a bearish scenario, we will see a pullback to the middle area at $0.07. Beyond that, the support of the parallel channel could be tested for the first time since October at $0.059.
What if the rise continues? In that case, the first critical target is $0.125 because the sharp declines in May 2023 had started there.
CEEK Coin Price Predictions
The Metaverse has been of little interest for a long time, and this is also true for popular altcoins in this area. Moreover, CEEK Coin is not even a particularly notable venture in this space. However, looking at the price, it managed to close above the long-anticipated parallel channel resistance for 4 days. But it could not defend higher levels and faced rejection.
If the selling continues, the price could fall back to $0.055. Below that, there are regions at $0.05 and $0.044. CEEK Coin did not get what it expected from the last mini altcoin bull run.
