The price of Bitcoin continues to hold the $28,500 zone and it is important that the second daily close is also at the top. If BTC can continue to close above the $28,300 resistance area, this will mean more upside for altcoin investors. So what are the current critical price levels for AVAX, CEEK, and SOL Coin?
Avalanche (AVAX) Coin
Good news for AVAX investors is that the SocialFi platform called Stars Arena has resumed its activities. At the same time, the team announced that the code audit has been completed hours ago. If the number of users increases rapidly like the first week and the locked value in the protocol grows, this will also affect the AVAX price.
We have not yet seen a massive increase in AVAX Coin. The price of BTC experienced a short-lived fluctuation yesterday due to the drop in NVIDIA stock prices. Although BTC recovered after this drop, we did not see a similar recovery in altcoins in general.
The good news is that the $9 support is being maintained, but the bad news is that the price has not yet been able to remain above $9.5 permanently. The price needs to turn this area back into support and surpass the $10.7 and $12.83 resistance levels. If it can achieve this, the target of $15 can be aimed again.
CEEK Coin Review
There is not much change for the Metaverse-focused altcoin. The team had already shown their distrust in the token as they did not make virtual land sales in CEEK Coin. This incident, which happened over a year ago, caused many investors to stay away from the project. As we can see from the CEEK Coin price, which runs to deeper lows, this is indeed the case.
The all-time low (ATL) level of the token is $0.03369, and sales below $0.0342 can continue to $0.03. There is not much reason for the token to differentiate positively. The situation may change if BTC can target $30,000 again.
Solana (SOL) Chart Analysis
Among the most notable altcoins recently is SOL Coin. It is recovering its image after the FTX crash and TVL is reaching new highs. The recovery in the network is also reflected in the price. It was reported by CoinShares that more than $20 million entered the institutional SOL Coin funds two weeks ago.
All of these are promising for SOL Coin investors. However, in order for a significant price increase to occur, the troublesome resistance level of $27 needs to be overcome. Those who have been following us for months remember how much we emphasized the importance of this region. We saw that every time the price showed weakness above the resistance, it fell below $20. If the test fails again, the price will retreat to the same area. However, in an optimistic scenario, the $32 and $40 levels will rise to reasonable target positions.
