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COINTURK NEWS > Technical Analysis > Cryptocurrency Investors Face Continued Challenges
Technical Analysis

Cryptocurrency Investors Face Continued Challenges

In Brief

  • The cryptocurrency fell back to $63,300 after the US market opened.

  • PEPE Coin failed to surpass $0.00000975 and pulled back as expected.

  • CEEK Coin price is 83% below its peak and near ATL level.

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COINTURK NEWS 2 years ago
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The cryptocurrency fell back to $63,300 after the US market opened and resistance was not overcome. The ongoing weakness reflects the appetite for profit-taking at high levels. While the exhausting process for investors has continued for months, losses in altcoins have increased. So, what are the current predictions for PEPE, FLOKI, and CEEK Coin?

Contents
PEPE Coin CommentaryFLOKI Coin Price PredictionCEEK Coin Price Prediction

PEPE Coin Commentary

PEPE Coin, which failed to surpass $0.00000975 again, pulled back as expected. For now, hopes for upward attempts continue as the $0.00000859 support is maintained. However, the weakness in BTC price also supports the potential for a pullback to deeper support levels here. If sales accelerate, buyers may take action at $0.00000697.

If the BTC price fails to surpass the $65,000 resistance for the second time and the $63,000 level is also lost, this will create the possibility of a new attempt at $61,000 prices. In such a scenario, we may see investors worried about further losses in altcoins, including PEPE Coin, turning to sell.

FLOKI Coin Price Prediction

FLOKI Coin investors have been struggling for a long time for the $0.0001137 support. With the upward movement of the BTC price, the rise started again from here. However, now the risk of losing the $0.000146 support has emerged with the recent BTC decline. If a strong drop occurs, the support area may be tested again.

The main problem for the FLOKI Coin price will start with the loss of the $0.0000863 threshold. The upward support seen for over 150 days may trigger a series of losses targeting $0.000029. This will be negative for medium-term performance because we will see that investors waiting for ATH are starting to lose faith.

CEEK Coin Price Prediction

The price, which saw the OKX peak at $0.157, has been struggling with sales for 670 days, excluding the attempts in March and April. The CEEK Coin price is 83% below the peak. Moreover, it is just above the new ATL (all-time low) level. The $0.0446 threshold is the necessary support point for prices to return to the $0.1 range, but it is not approaching this level.

If the weakness in BTC price continues, CEEK Coin may also move back to the ATL level or even to new lower lows.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 26 August, 2024 - 9:04 pm 26 August, 2024 - 9:04 pm
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