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COINTURK NEWS > Technical Analysis > Bitcoin Dips Below $96,000: What Lies Ahead for Altcoins?
Technical Analysis

Bitcoin Dips Below $96,000: What Lies Ahead for Altcoins?

In Brief

  • Bitcoin's price decline continues to affect altcoins negatively.

  • CEEK and FLOKI face challenges due to shifting market dynamics.

  • CHZ and DOGE struggle to maintain their levels amid low liquidity.

Fatih Uçar
Fatih Uçar 3 months ago
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The price of Bitcoin $104,435 has dropped below $96,000, continuing a trend of weakness among altcoins. While Ether is attempting a rebound, it struggles as BTC shifts downward again. It appears that dull days in the market may persist. The FOMC minutes and upcoming PCE data are contributing to the overall pressure on the macro front. So, what is in store for CEEK, FLOKI, CHZ, and Dogecoin $0.192046?

Contents
Price Predictions for CEEK and FLOKI CoinPredictions for Chiliz (CHZ) and Dogecoin (DOGE)

Price Predictions for CEEK and FLOKI Coin

Reports have emerged regarding a lawsuit against the President of Argentina over meme coin fraud. Meme coins have significantly deviated from their intended purpose, resulting in the emergence of 11 million absurd tokens that last only an hour. With liquidity moving towards these nonsensical tokens and poor macroeconomic conditions, altcoins are sinking to new lows.

CEEK Coin may not be the best example as it has convinced its investors that it cannot succeed. The price is on the brink of losing support at $0.0222, poised for attempts at new all-time lows. It has been stuck in a narrow range for almost 13 days, and today’s BTC decline seems to signal a deeper journey ahead. However, assets like CEEK can still experience speculative spikes.

One of the most popular meme coins, FLOKI, has also been abandoned. The production of meme coins on the Solana $153 network has overshadowed genuine joke coins. It has recently reached this level after losing the price level of $0.00011553, which marked the start of an uptrend in the November elections. If it can reclaim this level, it could reach new peaks between $0.00016470 and $0.00020584.

Predictions for Chiliz (CHZ) and Dogecoin (DOGE)

CHZ Coin is just above the support of a parallel channel at $0.597. A temporary spike triggered by Tether investments in the Chiliz ecosystem briefly reached $0.076 but did not last. Even positive news seems unable to sustain rises, as shallow liquidity is pressuring altcoins. A continued decline could see it retreat to $0.0478.

After briefly touching $0.204, DOGE is still fighting to stay above $0.24. With Musk’s support absent and no significant tweets in 53 days, DOGE could test $0.38 again if it regains this level, potentially rising to $0.44.

For now, everything hinges on the fluctuations of Bitcoin’s market dominance chart. With a softening BTCD, BTC remains sideways while altcoins need to start moving upward.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 17 February, 2025 - 11:25 pm 17 February, 2025 - 11:25 pm
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