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The price of BTC is very close to surpassing $100,000, having recently peaked at $98,384. This situation resembles the previous cycle’s targets around $40,000, and the cycle goal has not yet been reached. Moreover, with a slight easing in BTC’s market dominance, Ether’s price surged to $3,380. This indicates that the expected movement for altcoins may soon begin.
CEEK and CHZ Coin Trends
Altcoins might experience short-term jumps depending on the extent of the BTC easing. We previously discussed the potential for CEEK Coin to create upper wicks, and recent activities confirm this. Although attempts to reach the $0.0399 limit have not succeeded, buyers at $0.035 have capitalized on quick selling opportunities.
CHZ Coin has regained the middle area of its channel and is struggling to maintain it. We noted that this area is crucial for an upward movement. If CHZ Coin continues to rise alongside the broader altcoin market, it may attempt to reclaim levels of $0.0856, $0.1135, and eventually $0.162.
Altcoins that have not seen significant increases for a long time still hold the potential for rapid gains, as they have not yet priced in BTC’s rise. Traders need to exercise extra caution in this high-volatility environment.
BONK and LUNA Coin Developments
Expected to rebound from $0.0000290, BONK Coin successfully reached an all-time high yesterday. If the $0.0000479 support holds, we can expect further upward movement. Among new meme coins, BONK Coin stands out, especially in accompanying the SOL Coin rallies.
BONK Coin represents a community tightly knit through its narrative and investor profile. It has demonstrated resilience, rebounding from below $9 to nearly $250. During this recovery, BONK Coin has played a significant role in healing the community’s wounds.
As the rally continues, it is likely for the price to eliminate another zero. However, the external influx of liquidity will determine the real bullish peak.
Similar to CEEK Coin, LUNA Coin targets speculative upper wicks. With TFL liquidated and the ecosystem suffering for two years, LUNA Coin has little to offer. Moreover, if it breaches $0.51, we might see attempts at the $0.8 region.
