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COINTURK NEWS > Technical Analysis > Investors Analyze Altcoin Market Trends
Technical Analysis

Investors Analyze Altcoin Market Trends

In Brief

  • Altcoin investors struggle to find what they are looking for.

  • LUNC and CEEK Coin are the most unfortunate altcoins.

  • Interest in altcoins has been very weak for a while.

COINTURK NEWS
COINTURK NEWS 9 months ago
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Altcoin investors have been struggling to find what they are looking for, and SOL Coin was among the leading decliners today. Bitcoin (BTC) continues its negative trend as September approaches. What are the current market predictions for LUNC, SOL, CHZ, and CEEK Coin?

Contents
LUNC Price PredictionSolana (SOL)Chiliz (CHZ) Price PredictionCEEK Coin Chart Analysis

LUNC Price Prediction

Terra Rebels made a good start but did not meet expectations. Like the new CEO of Terra (LUNA), the independent team story also ended in failure. Considering the increasing competition in smart contract platforms, investors have many better alternatives. Moreover, interest in altcoins has been very weak for a while.

LUNC Coin price is above the $0.00007654 level where it started a speculative rise at the end of 2023. Although it tried to exceed $0.00009560, it failed, and if the decline continues, $0.00005978 could be tested. Below this, we will see the bottom at $0.00005516 and deeper lows.

Solana (SOL)

The ETF story ended early, and SOL Coin did not benefit as hoped from these applications. SOL Coin is among the altcoins with the most significant losses by market value. Losses exceeded 8% today. If sales do not stop, the altcoin aiming for $129 could drop to $122 and $111. Closures below the parallel channel resistance will lead to new lows at $97.5 and then $45.

Chiliz (CHZ) Price Prediction

During the period until April and in May and June, CHZ Coin bulls had many opportunities. After the failure, the altcoin, which ended the positive divergence process, is now finding buyers even below the parallel channel support. Although the start of the leagues is positive, closures below $0.0593 indicate new dip potential.

With a return to the channel, the mid-range at $0.0711 can be targeted again. Then $0.0859 and $0.0957, followed by the $0.3 bull target, will come into play.

CEEK Coin Chart Analysis

LUNC and CEEK Coin are the most unfortunate altcoins in this quartet. If interest in the metaverse area revives and CEEK Coin investors regain confidence in the project, a real comeback could be triggered. For now, CEEK is targeting the ATL level at $0.025 again and has lost its support.

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 30 August, 2024 - 11:06 pm 30 August, 2024 - 11:06 pm
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