Popular altcoins are cryptocurrencies that investors are hopeful about during bull markets, with strong search volumes. Especially, SOL Coin was expected to perform better until the drop on Friday. Although CHZ Coin made significant upward attempts, it did not reach its target. So, is there still hope for CEEK Coin? What levels are investors expecting? Here are the details.
Solana (SOL)
The SOL Coin price, moving towards the $142 support, broke below the $158 support on its fourth attempt. With the sales on Friday, the bears, who tested the support consecutively, found the support they needed for a deeper dip movement on Tuesday, June 11.
In the continuation of the sales, spikes down to the $127 and $107 levels can be seen. Especially, macroeconomic developments that will occur in a few hours may accelerate these sales. In the worst-case scenario, there could be a dip down to the $98 and $92 range. While targeting above $256, SOL Coin suddenly found itself at risk of falling to double-digit prices, which is very normal in this crypto. There could be a period of consolidation between $111.9 and $98, but if the base is maintained, the risk of sales up to $46 (the point where the rise accelerated) will be eliminated gradually.
CHZ Coin Price Prediction
Here, the point where sales will accelerate is the $0.114 support. CHZ Coin already gave a big sell signal with Friday’s candle. Now, if it cannot maintain the necessary support for a rise, it may return to the parallel channel we talked about for an upward breakout throughout 2023. For this, it will need to drop below $0.085. Being stuck below the key resistance for months will be demoralizing and could bring lower lows down to $0.0589.
CEEK Coin Price Prediction
Here, what was expected happened, and the base support is about to be torn. Although it saw some buyers at $0.0450, in sales supported by BTC negativity, the CEEK Coin price could pass the $0.041 and $0.0397 range and reach the $0.034 bottom. Below this, a new all-time low will be determined. Altcoin investors should perform various rituals for 16-17 hours for May inflation data to come in favor. Otherwise, new dips in many altcoins, including CEEK Coin, are possible.
On the other hand, if the data comes in favor and there are no major changes in the Fed members’ 3-year interest rate forecasts, these or deeper dips seen in the coming hours could turn into a big buying opportunity. Of course, whether this is an opportunity or a trap, we will learn tomorrow at this time after the fact.
