While volatility continues to increase, Bitcoin seems to be largely unaffected by the recent sharp fluctuations. It has approached its starting point again. Despite higher-than-expected headline inflation, there was a significant monthly increase in core inflation, which has dampened optimism for interest rate cuts. Indeed, we have been discussing for weeks that either the Fed or upcoming data would burst this bubble.
Should You Buy Chiliz Coin?
CHZ Coin is quite popular in its field and has become a relative monopoly with its venture. When it comes to fan tokens, Socios and Chiliz come to mind for most investors. Therefore, as leagues are nearing their end, we might see the usual price increase. Unlike other altcoins, we see that CHZ and fan tokens fluctuate particularly in accordance with the football leagues’ calendar.
Both the halving and the end of the leagues, as well as more good news related to the narrative of fan tokens on the blockchain, could help the price of CHZ Coin increase in the coming months. However, the uncertainty of cryptocurrencies, potential issues specific to the mainnet, and many other factors could lead to a price contrary to expectations.
A possible strong rise target is the $0.3 region, and the price could reach $0.14 in the short term (if BTC consolidates again and altcoins experience something similar to the end of December).
CEEK Coin Analysis
Those who have taken positions in the parallel channel on the chart in the last few months have profited from the fluctuations, as we have not seen a clear breakout. The price recently tested the $0.055 region again but was rejected. It is now lingering around the middle of the decision-making channel at $0.05. In the coming hours, we may witness a retest of $0.055 depending on the overall market sentiment.
LUNA Coin Commentary
We have discussed the long-term risks it carries, its place among the riskiest groups in cryptocurrencies, and much more. However, those looking to profit from speculative price movements are still buying and selling LUNA Coin.
There is no point in repeating the same things, and looking at the price chart, despite a test of $0.64, the price is above support. If a breakdown occurs, there is a potential drop to $0.548. However, in parallel channel-stuck altcoins, if we are to see a speculative rise, a close above $0.7 could lead to an increase up to $0.806. Above this, a larger short-term uptrend (seemingly with an upper limit of $1.3) may begin.
