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COINTURK NEWS > Altcoin News > Cryptocurrency Market Analysis and Price Predictions
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Cryptocurrency Market Analysis and Price Predictions

In Brief

  • Investors face bleak prospects with poor US data potentially worsening conditions.

  • Ripple's legal battle continues, with a settlement not expected until 2026.

  • Front Coin shows significant gains, targeting higher price ranges after recent recovery.

COINTURK NEWS
COINTURK NEWS 1 year ago
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In the coming days, investors are not expecting very hopeful developments. Poor US data could make everything even worse. Bitcoin price hovered around $61,000 today and altcoins did not show serious volatility. So, what are the current price predictions for XRP, CHZ, CEEK, and FRONT Coin?

Contents
Ripple (XRP)CHZ Coin ReviewCEEK Coin PredictionsFront Coin Review

Ripple (XRP)

The lawsuit-related process continues. Ripple’s lawyers offered $10 million against the SEC’s demand for a $2 billion fine. The years-long process is expected to conclude in 2026 with collective appeals. Although the case process for the executives will be somewhat shortened, there are many details that the parties will want to appeal, and they are not inclined to settle.

As this article was prepared, the price of XRP Coin is just under $0.5. Failing to reclaim $0.58, hopes for a rise in XRP Coin have fallen, and testing $0.46 soon is likely. Currently, it fluctuates just below the $0.5 region.

CHZ Coin Review

Bulls are maintaining $0.12 as support while CHZ Coin continues to show willingness to rise. If CHZ Coin can reclaim $0.128, it could target the range between $0.14 and $0.153. Conversely, if support is lost, $0.115 and $0.104 could be tested.

CEEK Coin Predictions

After breaking the parallel channel needed for a rise, it set a high peak at $0.11. However, it returned to the midpoint of the parallel channel. Closures below $0.05 could continue sales down to $0.044 and $0.033. Conversely, for a rise, the parallel channel resistance must be overcome at $0.056 and close above it.

Front Coin Review

As this article was prepared, Front Coin was the highest-gaining altcoin on the Binance exchange. The price is at $1.51, and it has risen by double digits in the last 24 hours. The altcoin that compensated for yesterday’s losses could target the range between $1.9 and $2.15 if it closes above $1.64.

In a pessimistic scenario, the $1.34 support is tested and if it closes below, a drop to $1.15 and $0.96 could start.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 13 May, 2024 - 2:33 am 13 May, 2024 - 2:33 am
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