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Popular altcoins are cryptocurrencies that investors are hopeful about during bull markets, and their search volumes are strong. Especially, SOL Coin was expected to perform better until Friday’s drop. Although CHZ Coin made significant upward attempts, it did not reach its target. So, is there still hope for CEEK Coin? What levels await investors? Here are the details.
Solana (SOL)
Heading towards the $142 support, SOL Coin price broke below the $158 support on its fourth attempt. On Friday, the bears tested the support consecutively, finding the support they needed for a deeper move on Tuesday, June 11.
Further sales could see spikes down to $127 and $107 levels. Especially, macroeconomic developments occurring in a few hours could accelerate these sales. In the worst-case scenario, there could be a dip to the $98 and $92 range. While targeting above $256, SOL Coin suddenly faced the risk of dropping 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.
CHZ Coin Price Prediction
The point where sales will accelerate here is the $0.114 support. CHZ Coin already gave a big sell signal with Friday’s candle. Now, if it fails to maintain the necessary support for a rise, it could return to the parallel channel we discussed for an upward breakout throughout 2023. For this, it will need to drop to $0.085 and below. Being stuck below the key resistance for months will be demoralizing and could bring lower dips down to $0.0589.
CEEK Coin Price Prediction
Here, the expected happened, and the base support is about to be torn. Although it saw some buyers at $0.0450, with the support of BTC negativity, 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 set. Altcoin investors should perform various rituals for 16-17 hours for the May inflation data to be favorable. Otherwise, new dips are likely for many altcoins, including CEEK Coin.
On the other hand, if the data is favorable and there are no significant 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 it’s too late.
