Altcoins have been experiencing continuous declines, and fluctuations in BTC prices have exhausted investors. Rapid declines often lead to quick rebounds during uptrends. A similar scenario might occur again. So, what are the potential targets for SOL, CHZ, CEEK, and XRP Coin?
Solana (SOL)
Spot SOL ETF applications have reached the exchanges. We will now monitor the SEC’s announcements and feedback between the first and final decision dates. In the next 5-6 months, the ETF topic (unless rejected at the first decision date) will heavily occupy the agenda for SOL Coin. Additionally, this is likely to cause price fluctuations for altcoins in the Solana ecosystem.
One of the best news we could see during this period would be giants like BlackRock and Fidelity submitting their applications. The $128 support is strong, but we haven’t seen closures above $144 for days. The turnaround for SOL Coin could accelerate with a break above the $144-150 range.
CHZ Coin Predictions
Warnings were heeded, and CHZ Coin dipped below the parallel channel base. We mentioned many times that this scenario could occur while still in the middle of the channel. Chiliz, which has the largest ecosystem among fan tokens, is lingering at quite low levels now that the leagues have ended. Although the $0.0587 base has been maintained, the mid-range support at $0.072 has not yet been reclaimed. Investors will need to closely monitor this level in case of a potential rise.
CEEK Coin Commentary
A dip around $0.0295 was expected, and CEEK Coin delivered as anticipated. The long-standing decline in demand for metaverse altcoins and the disinterest of CEEK Coin investors have led to a new ATL. Although there is a slight recovery from the dip, it is still difficult to be sure of a return. If BTC initiates a new attempt at $70,000, we might see closures above $0.0394 and a test of $0.05.
XRP Coin Commentary
The support at $0.43 was breached, and we saw the expected support at $0.38. For now, XRP Coin is lingering near the initial support. It wouldn’t be surprising if the price tests the $0.46 support area. Investors will look for closures above $0.48 for a return.
