Bitcoin (BTC) has returned to $63,000, igniting hopes for a recovery in altcoins. The strong ETF entries on May 3 and 6 lost their impact due to the SEC’s recent action on Robinhood, but the lack of massive exits is also promising. What are the predictions for SOL, CHZ, and CEEK Coin?
Solana (SOL)
As of this writing, the SOL Coin price is at $153.6, continuing the day with a 7% increase. Bitcoin is at $62,939. The total market value of cryptocurrencies has not lost its $2.2 trillion support, indicating that the bounce could continue the recovery.
If $158 turns back into support, SOL Coin bulls could start a new move towards $176. For the rally that accelerated at the end of February to continue, the main resistance at $205 needs to be breached. The price moving away from $118 and making a higher peak at $140 is positive despite the weakness in BTC prices.
If SOL Coin can reclaim $176 and $182, it could surpass $205 and attempt a new high at $256.
Chiliz (CHZ)
Since the beginning of May, CHZ Coin has been steadily recovering from its support level. Bulls have confirmed $0.12 as support, now aiming for closures above $0.132 to return to the $0.145 threshold. CHZ Coin, performing better than the market average, could return to its previous levels stronger than expected if BTC initiates a rapid recovery.
The main resistance of the rally is at $0.167, with peak targets up to $0.3. BTC is currently maintaining $62,700, so attempts dependent on news flow can be seen.
CEEK Coin Commentary
The excitement in the Metaverse area has weakened, with more focus now on artificial intelligence, RWA, and new meme coins. CEEK Coin, having fallen behind in the Metaverse race long ago, is now doubly weakened. If BTC drops below $58,000, CEEK Coin could search for new ATL levels below $0.033.
For the opposite scenario, $0.059 needs to be regained.
