Bitcoin price hovers near $58,000, and altcoins have started to turn green again. Altcoin investors believe that the recent BTC recovery could signal the beginning of new uptrends. So, what key levels should be monitored for PEPE, LUNC, and CHZ Coin? Here are the details.
PEPE Coin Analysis
One of the most popular meme coins, PEPE Coin, rebounded after falling to the $0.00000767 support. At the time of writing, the price was above the $0.00000888 support. Holding higher support levels is linked to the BTC price recovery. However, to start a reversal, the $0.0000105 resistance needs to be surpassed. If the bulls succeed, there could be a new attempt at the pre-ATH stop of $0.0000133.
However, in a bearish scenario, losing supports could lead to a new scenario where the price dips to the $0.00000473 base. BTC was hovering at $58,000 at the time of writing and had risen to $59,470 in the last 24 hours.
LUNC Price Prediction
LUNC Coin had been losing interest for a long time and saw significant dips. The altcoin, which dipped to $0.000058, is now trying to hold the $0.0000661 support. If the current level is maintained, new upward attempts targeting $0.0000800 could be seen. However, hopes for both Terra and Terra Classic have largely faded. Apart from speculative rises, there is no appealing aspect of these two networks in the long term amidst increasing competition.
In a speculative upward movement scenario, a spike to $0.0001314 is possible. However, interest remains weak for now.
Chiliz (CHZ) Predictions
Representing the largest fan token ecosystem before the leagues ended, CHZ Coin had long positively diverged in the crypto space. However, things changed, and CHZ Coin entered months of decline. Moreover, losses in BTC price exacerbated the situation. The altcoin, which dipped to the parallel channel base at $0.059, is now preparing to reclaim the middle ground. We had mentioned that $0.072 would be attempted to be reclaimed while still at low levels.
If the middle ground is also maintained, attempts at $0.0853 will be expected. The main target above the parallel channel resistance will be the $0.106 level, where the rise gained momentum in the past.
