Bitcoin price is lingering at unpleasant levels, erasing a thousand dollars after its daily peak. While altcoins remain relatively calm, some assets like CHZ Coin experienced losses nearing 4%. Some experts predict a resurgence in the upward trend, while others anticipate a new test at $59,000. A deep correction could lead to greater losses in altcoins.
Chiliz (CHZ) Price Prediction
Known for its quick reactions to BTC price increases, CHZ Coin has shown weakness lately, unlike its movements in recent months. The losses following BTC’s peak today significantly impacted it, causing a crucial support level to be lost.
CHZ Coin bulls failed to close above $0.13 and then hit resistance at $0.123. After the latest rejection from this level, potential tests towards $0.11 and $0.105 have begun. CHZ showed weakness even before BTC started its rapid decline. The upcoming network update does not seem to attract investors for now.
CEEK Coin Commentary
For this altcoin, almost nothing has changed. The price is still above $0.05, struggling to maintain support. The prolonged sideways movement, coupled with the disinterest in metaverse altcoins, has frustrated long-term investors of CEEK Coin. We have shared detailed evaluations on this matter.
If the support level is lost, this altcoin, popular among Turkish investors, could move towards new ATL levels.
FLOKI Coin Commentary
BTC price fluctuations have prevented the price from surpassing the $0.0002233 resistance, now retreating towards support. FLOKI Coin is still above the key $0.000123 support for a new all-time high. If it falls below this support, it is likely to seek new lows between $0.000088 and $0.000052.
The loss of support could trigger panic sales among investors waiting for a profitable new peak, causing significant issues. For now, the strong risk appetite may not be seen due to concerns over the resurgence of Iran-Israel tensions. Fed Chairman Powell did not comment on the economy during his statements as this article was being prepared.
