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COINTURK NEWS > Technical Analysis > Investors Focus on Altcoins as BTC Price Rises
Technical Analysis

Investors Focus on Altcoins as BTC Price Rises

In Brief

  • BTC price rise shifts investor focus to altcoins.

  • CHZ, PEPE, CEEK, and FLOKI show varied performance.

  • Short-term trends depend on BTC's potential move to $70,000.

COINTURK NEWS
COINTURK NEWS 11 months ago
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BTC price rising again has investors turning their attention to altcoins. What are the current predictions? At the time of writing, BTC is trading at $63,300. We examine the current outlooks for Chiliz (CHZ), PEPE Coin, CEEK, and FLOKI and discuss potential price targets. Here are the details.

Contents
Chiliz (CHZ)PEPE Coin PredictionsCEEK Coin CommentaryFLOKI Price Prediction

Chiliz (CHZ)

After hovering near the $0.0722 support, CHZ Coin started moving up from the middle area of the parallel channel today. However, it is difficult to be optimistic about a reversal as it has not yet reclaimed the $0.08 support. If successful, it could make new attempts at $0.0853 and $0.092.

If BTC declines again, CHZ Coin could move towards the bottom of the parallel channel with a support test. The price, which has been lingering at levels seen at the end of last year, might offer a last entry opportunity for those who missed the rise or turn these attractive levels into a trap for bigger losses. Time will tell.

PEPE Coin Predictions

Staying away from the $0.0000107 base, the price recovered from $0.0000112 and now targets $0.0000124 to $0.0000130 levels. The current chart indicates that the rise could continue. PEPE Coin needs more buyers for a new ATH attempt. In the opposite scenario, there could be excessive sales down to $0.00000896.

CEEK Coin Commentary

Still unaware of the recent rise, CEEK Coin is lingering below the $0.0395 threshold. In this case, we can say that the risk of further loss continues. Given that CEEK Coin has been worn out for a long time, it is not difficult to understand this lack of interest.

FLOKI Price Prediction

The popular meme coin recovered from $0.000162. FLOKI Coin price has been positive for a few days. 2-day gains exceeded 12%. With the support maintained, the price could target $0.0001839 again. Surpassing the $0.000188 threshold will create the necessary environment for a new ATH attempt.

DOGE and SHIB remain relatively calm while FLOKI Coin‘s rapid turns could also give an idea for the bull. However, short-term performance is related to BTC’s potential new attempt at $70,000.

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 2 July, 2024 - 4:05 am 2 July, 2024 - 4:05 am
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