Bitcoin price is not doing well currently, and altcoins have experienced significant sales today. BTC is testing $62,000. Just a few days ago, BTC saw $70,000, but it dropped nearly $8,000 within a week after Trump’s statements. Altcoins that did not follow BTC during the rise are now following it in the decline. So, what are the targets for SOL, CHZ, and CEEK Coin?
Solana (SOL)
SOL Coin dropped to $160, with a daily loss of 12%. If you see double-digit losses in major altcoins, things are not going well. BTC price’s downward trend due to geopolitical risks is causing SOL Coin to fall below $160. Moreover, it will not be surprising if sales accelerate as the weekend approaches.
If SOL Coin, moving towards the $155 support level, sees BTC testing below $60,000 again, it could test the $134 bottom. It last reached here around July 10, and considering the consistency and size of the bearish candles, lower levels are possible before the week ends.
In an oversold environment, altcoins can experience devastating results. SOL Coin has experienced this many times. In this scenario, the target for SOL Coin would be $98, which means a rough $100 loss from the peak, a terrible outcome for the Solana ecosystem.
Chiliz (CHZ) Commentary
It diverged positively for a long time but could not surpass the $0.17 barrier due to BTC’s negativity. Now it is about to reach the previously noted $0.058 base. While the price was in the middle of the channel, we mentioned that CHZ Coin could easily decline here due to BTC’s extreme negativity. The leagues have ended, and we are not in CHZ Coin’s period; the price may linger below the $0.086 base for a while (even if BTC rises quickly).
CEEK Coin Commentary
If the entire market is falling, CEEK Coin should fall more. Here, the OKX ATL level at $0.028 is being targeted again. If a daily close occurs in the current region and BTC cannot recover quickly, CEEK Coin investors may see a new all-time low. Around $0.025, depending on the situation, there will be those looking to buy the dip.
