Crypto investors have started a good week, and a calm 7 days await us on the macro front. If we don’t see any surprising details in the Fed minutes, the recovery in the markets may continue. On the other hand, Daan Crypto Trades shared a new evaluation for altcoins. So, what are the predictions for CEEK and LUNA?
Santiment drew attention to the fluctuations in Bitcoin dominance in the last days of last week. While BTCD was increasing, rapid rallies in altcoins came to a halt, but it can be seen that rallies resumed after a short pullback in altcoins. Daan Crypto Trades recently said the following:
“There is not enough liquidity to make the entire market move at the same time. That’s why we see these flows so frequently, as liquidity is spread very thinly. When BTC starts to rise, capital can flow back into altcoins to close the gap. The weaker ETH/BTC is, the stronger BTC tends to be.”
If the expected scenario occurs, BTC will reach a new peak, and then we will see the movement of altcoins.
CEEK Coin Analysis
The price, after hitting the $0.44 base we highlighted in the previous analysis, started targeting the middle area again. If $0.05 can be gained as support, we can see that the CEEK Coin price surpasses the $0.053 and $0.055 resistances. For a real rally, we will need to see daily closings above $0.056. Otherwise, the price will not be able to get away from the risk of falling to $0.044 and $0.033.
LUNA Coin Predictions
The new CEO is trying to lift the fragmented Terra ecosystem. However, no tangible and serious steps have been taken so far. In addition, if rapid rallies continue in the cryptocurrency markets, speculative rallies in LUNA Coin price may continue.
As you can see in the chart, long tails reflect stable pullbacks with profit-taking. The price of LUNA Coin, which is far from optimism in the long term, fluctuates in the hands of investors aiming to profit from short-term speculative movements. Investors may need to be prepared for possible overselling.
