As Bitcoin (BTC) and the wider altcoin market continue their search for direction, investors are keenly following commentary on popular altcoins, especially Ripple’s XRP, Terra’s LUNA, Chiliz’s CHZ, and CEEK VR’s CEEK. Let’s delve into a technical review of XRP, LUNA, Chiliz, and CEEK.
XRP Analysis
According to data provided by crypto data platform CoinMarketCap, at the time of writing, Ripple’s XRP has seen a slight decrease of 0.50% over the past 24 hours, changing hands at $0.4641. With a market capitalization of $24 billion, XRP’s price range in the last 24 hours has been between $0.4508 and $0.4686. Technically, on a weekly timeframe, sequential resistance levels for the XRP price are marked at $0.4505, $0.4623, and $0.4814, while sequential support levels are indicated at $0.3816, $0.4007, and $0.4124.
LUNA Analysis
CoinMarketCap data reveals that, at the time of writing, Terra’s LUNA is trading at $0.9292, following a nearly 2% decrease over the past 24 hours. The sequential resistance levels for LUNA, which holds a market cap of $250 million and is ranked 121st among altcoins, are $1.0774, $1.1370, and $1.2336 on the weekly timeframe, with sequential support levels at $0.7280, $0.8246, and $0.8842.
Chiliz Analysis
Data suggests that at the time of writing, CHZ, which holds a market cap of $749.4 million, has been trading at $0.1073, moving within a narrow range between $0.1046 and $0.1084 in the last 24 hours. For CHZ, sequential support levels on the weekly timeframe are $0.0877, $0.0971, and $0.1030, while sequential resistance levels are at $0.1218, $0.1277, and $0.1371.
CEEK Analysis
At the time of writing, CEEK VR’s CEEK has been trading at $0.07034, exhibiting significant movement within a wide range between $0.06492 and $0.07163 in the last 24 hours. Technical analysis points to sequential support levels for CEEK on a daily timeframe at $0.0625, $0.0636, and $0.0643, while the important sequential resistance levels are at $0.0690, $0.0716, and $0.0758.
