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COINTURK NEWS > Technical Analysis > Bitcoin Price Drops and Altcoins Show Activity
Technical Analysis

Bitcoin Price Drops and Altcoins Show Activity

In Brief

  • Bitcoin price dropped to $68,550, affecting altcoins.

  • FLOKI Coin rose over 40% in two days, reaching an all-time high.

  • CEEK Coin shows weak interest, moving sideways for almost a month.

COINTURK NEWS
COINTURK NEWS 12 months ago
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Bitcoin price dropped to $68,550, and altcoins continue to show activity. There are notable cryptocurrencies. With the transfer of MTGOX assets after a long period, we saw the BTC price drop from the $70,000 levels. So, what are the current market predictions for Floki, Chiliz, and CEEK Coin?

Contents
FLOKI Coin AnalysisChiliz (CHZ) Coin AnalysisCEEK Coin Price Prediction

FLOKI Coin Analysis

During the 2021 bull run, we saw how meme coins achieved significant gains. New investors, in particular, showed great interest in these altcoins, trying to profit from speculative price movements. As a result, significant price increases occurred, and portfolios that gained value by multiples triggered rises in various altcoins.

This bull market also seems to favor meme coins overshadowed by DOGE and SHIB. Floki Inu (FLOKI) could be one of them. FLOKI Coin rose over 40% in two days and reached an all-time high as expected. If it continues to close above $0.0003003, bulls may have an appetite for higher peaks, targeting new record areas beyond $0.0004.

However, a potential sudden fluctuation in BTC price could lead to a decline towards $0.000250 and $0.000214 support levels.

Chiliz (CHZ) Coin Analysis

BTC is down, but it continues the day with a 12% increase. CHZ Coin, performing better than many altcoins, is in a critical area. The key point here is the continuation of closures above $0.143. If the bulls succeed, the target range could be $0.158 and $0.167. CHZ has been eager to rise for a long time and manages to stay relatively strong despite fluctuations in BTC price.

In a bearish scenario, $0.132 and $0.120 are well-known areas. The trend is still upward, and the current level confirms a tendency for stronger rallies in the short term.

CEEK Coin Price Prediction

Since the beginning of May, cryptocurrency investors have seen many significant events. The approval of the ETH ETF alone represented a historic milestone. However, despite reaching the end of May, CEEK Coin is not attracting interest. The price has been moving sideways for almost a month, reflecting investor disinterest.

A weak volume of $3 million suggests that the sideways movement may continue for a while. However, the unpredictable nature of crypto and the speculative movement potential of CEEK Coin should not be forgotten.

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 28 May, 2024 - 5:15 pm 28 May, 2024 - 5:15 pm
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