Bitcoin (BTC) price is at $62,000 and faced selling pressure after its recent test of $65,000. Although the DXY hit a 52-week low and stocks rose despite expectations of interest rate cuts, cryptocurrencies are not attracting enough demand. On the other hand, despite stable net inflows in the ETF channel, this lack of demand in exchanges continues. So, what about altcoins?
CEEK Coin Prediction
Losing the $0.0449 base has started the journey to a new all-time low for CEEK Coin. Interest in the metaverse sector is significantly weak, and combined with the general disinterest in altcoins, the current outlook for CEEK Coin seems reasonable. For the long-standing decline of CEEK Coin to stabilize, channel support needs to be regained and closures above the $0.067 resistance are required.
FLOKI Coin Commentary
Despite starting its rise 182 days ago, the price is still 353% above the figures from the week of February 26. While many altcoins fell below last year’s lows, FLOKI Coin remained strong. Notably, even though it was over 90% profitable mid-year, we mentioned that FLOKI investors were patiently waiting.
Although the rate has decreased, investors want to maintain the $0.0000956 base and open the door to new ATH attempts. If BTC can reclaim $70,000, FLOKI Coin could quickly become one of the rising altcoins.
AVAX Price Prediction
Despite two major announcements in the RWA sector, AVAX did not stand out positively. Due to its market cap and double-digit annual inflation, AVAX’s price performance lags behind Solana. The $29 mark was not surpassed again, and the price is currently above the $24.5 support. If BTC can rise without lingering too long at low levels, targets above $35 could come back into focus after $29 and $31.45.
In the opposite scenario, the risk of falling to $18 remains. AVAX has not made a significant comeback to impact its investors following the last bull markets. Perhaps it will stand out more in the general rally expected in the last quarter of this year.
Shiba Coin Prediction
Competitors are increasing, and interest in SHIB is weakening further. To revive the excitement for a new ATH, closures above $0.0000180 are needed. In case of a decline, the $0.0000132 and $0.0000100 supports could come back into focus.
