Bitcoin $104,791 continues its volatile movements, and altcoins have yet to show the desired recovery. Nonetheless, the recent closing prices above $105,000 are a positive indicator. This article will examine the potential levels that BONK, CHZ, CEEK, and FLOKI Coins could reach this weekend.
BONK and Chiliz (CHZ)
BONK, the popular meme coin on the Solana $253 (SOL) network, holds significant value for its community. The SOL coin price recently dipped into single digits, prompting an airdrop to mitigate losses, with patient investors witnessing six-figure gains over quarters. Since the elections in November, it has maintained support at $0.00002510.
Considering that many cryptocurrencies have fallen back to November levels, BONK Coin remains in a good position. If it starts closing above $0.00003341, support levels may rise to $0.00004149 for new peaks.
CHZ Coin continues to hold the support level at $0.072. If BTC remains strong, it might see new upper levels in the range of $0.0856 to $0.0952 this weekend. Historically, the first two quarters of the year have been positive for CHZ Coin, suggesting potential new highs by June if altcoins perform as expected.
CEEK and FLOKI Coin
CEEK Coin, which rebounded from the $0.0287 support level, has yet to reclaim the parallel channel support at $0.04467. Depending on the performance of altcoins this weekend, it might face tests at either support or resistance levels due to thin liquidity impacting its chart. Long-term, CEEK Coin remains risky.
The total trading volume of cryptocurrencies continues to hover above $160 billion, with total market capitalization exceeding $3.65 trillion. The market cap’s lingering around previous ATH indicates that the expected rapid upward phase for cryptocurrencies has not yet commenced. This scenario remains promising for these altcoins.
FLOKI Coin continues to aim for the support level at $0.00012469. Further tests could occur this weekend if the downtrend persists. However, if ETF data proves satisfactory and ETH begins closing above $3,410, attempts may be made to reclaim $0.00016107 as support.