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While November has generally been a good month for altcoin investors, the recent week has seen a halt in upward momentum. The testing of the BTC price at $91,466 and continued closures below $97,138 have stifled bullish momentum. With ETF data expected to arrive shortly, the daily closing is likely to determine BTC’s direction. What are the current predictions for FLOKI, LUNA, CEEK, and SHIBA Coin?
FLOKI and LUNA Coin Analysis
Investors seem hopeful regarding Floki Coin, one of the largest meme coins by market capitalization. The price of Floki has remained relatively strong throughout the year. What does the current situation indicate?
In yesterday’s assessment, it was mentioned that we could see a spike toward $0.0002044. Today’s expected test has arrived. If BTC cannot recover, sales may continue towards a new low near $0.0001716 in the coming days. Profit-taking above $0.0002654 shows that investors’ risk appetite is beginning to wane.
Known for its speculative movements, LUNA Coin is targeting $0.426 again after its recent upper wicks. For a convincing trend reversal, securing support at $0.556 is crucial. Following that, we might see peaks above $0.685 and $0.8. However, in the long term, LUNA Coin still does not promise much, having failed to recover since the 2022 collapse.
CEEK and SHIB Price Predictions
Although CEEK Coin found a good recovery opportunity above $0.0396, the BTC drop has reversed the situation. In the coming days, another test towards $0.0347 could occur. If support at $0.0442 is secured, the target will be $0.05. This key area may become an important breakout point for the end of the decline.
Amid the recent increase in altcoins, Shiba Coin has clearly disappointed many. While several cryptocurrencies broke out of tight ranges, Shiba Inu (SHIB) has remained stuck below the parallel channel resistance at $0.0000292. Closings below $0.0000235 could lead to tests around $0.0000209.
If the resistance is overcome, testing $0.0000364 for a larger peak will be on the agenda.
