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Bitcoin continues its rise, finding buyers near $57,000 at the time of writing. Altcoins have become more dynamic. Now, attention is particularly on altcoins known for speculative price movements, such as LUNA, LUNC, and CEEK Coin, as some investors attempt to profit from them.
CEEK Coin Analysis
After several attempts, the CEEK Coin price is climbing above the resistance of the parallel channel at $0.055. The attempt at the end of December led to a rise up to $0.065, followed by a retracement to the starting point due to profit-taking. If BTC continues to stay strong, it could reach those levels again. The six-month green candle trend confirms a bullish outlook.
CEEK Coin may not seem like a good long-term alternative, but it could offer short-term profits. However, if the price is rejected at the resistance, it could fall back to $0.048 and then to the $0.045 region, posing a risk of further decline.
LUNA Coin Analysis
Its founder will face a stressful court hearing next month. Despite the approval of Do Kwon‘s extradition to the US, LUNA Coin has not faced extreme selling. We witnessed how a $40 billion ecosystem vanished in 2022, which should serve as a cautionary tale for investors in the upcoming bull season.
If LUNA Coin can reclaim $0.745 in the short term, the price might return to $0.8. However, the upcoming court hearing and its atmosphere could lead to new lows. A close below $0.63 could lead to support at the $0.553 parallel channel. Losing the $0.44 and $0.38 support levels could result in a deeper dip below $0.364.
LUNC Coin Analysis
Terra Rebels could have written a great story, but it did not materialize. Reaching the burn goal optimistically would take 101 years, and LUNC is currently moving sideways. There are a significant number of investors holding millions or even billions of tokens, hoping for the price to return to $0.1 or $1. However, technically, this is not feasible without a supply reduction process like a 1000 to 1 token consolidation.
If the price surpasses $0.00013605, it could reach $0.00014182 and $0.00015511 during a potential speculative surge.
