Bitcoin has once again dipped into the red, and altcoins are following its lead. The Fed has once again shaken the markets. If there are no abnormal changes favoring risk markets in inflation and employment data in the next few months, the overly optimistic interest rate cut expectations could be further blunted. Despite the Fed’s prediction of a 75bp cut, markets are expecting a decrease of 150bp.
LUNC Coin Price Prediction
The well-known altcoin for speculative price movements, LUNC, has become the focus of short-term traders after its 2022 crash. We know that the project has not seen any notable progress aside from abnormal price movements. Moreover, token burns are insignificant compared to the massive supply.
Despite significant attempts by Terra Rebels, the emergence of alternative networks has weakened the chances of this ghost town coming back to life. The price is currently holding the support at $0.00009156 and has dropped about 66% in 60 days. Those who bought at the peak might see their losses increase if the current support does not hold.
Possible targets are $0.0000782 and $0.0000620.
Chiliz (CHZ) Commentary
The king of fan tokens promised big achievements with its transition to its own network, but so far has not created much excitement. The end of leagues and upcoming cups suggest that the rise season for fan tokens is upon us. Indeed, CHZ Coin is holding above the resistance of the parallel channel, unlike the general market trend, and is struggling to close above $0.112.
If the decline continues, the $0.0909 and $0.08530 region could be targeted. On the flip side, peaks above $0.14 could be tested.
CEEK Coin Commentary
We had recently shared a comprehensive evaluation of the long-term outlook. CEEK Coin continues to face challenging days. The price has once again lost the middle area of the parallel channel and is targeting $0.04471. If it falls below $0.0418, it could aim for the ATL (All-Time Low) region again.
For the opposite scenario, it is essential for $0.05 to turn into strong support, followed by a peak between $0.054 and $0.062.
LUNA Coin Price Prediction
A bankruptcy filing has been made, Do Kwon is in prison, the new CEO is not performing as expected, the network is not attracting interest, and LUNA continues to show little promise for the future beyond speculative movements.
$0.546 could be retested and if this area is also lost, LUNA Coin will target $0.445.
