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At the time of writing, June had not yet ended, and there were hours left for daily, weekly, monthly, and quarterly candle closures. BTC largely remained above $61,000 throughout the day. We have not yet seen a daily peak above $61,864. Nevertheless, it is positive that the price has moved away from the $60,000 support. So, what are the predictions for popular altcoins?
Chiliz (CHZ)
Looking at the current views briefly, we see that the CHZ Coin price is inclined to break below the middle line of the parallel channel. If it falls below $0.07, it is possible for the price to test the channel bottom at $0.059. After waiting for a long time for this channel to break upwards, seeing the price return to the channel despite the ETF approval and listing must be painful for the bulls.
XRP Coin Lawsuit and Price
There is no new development regarding the lawsuit, and the XRP Coin price is signaling a potential drop to $0.41 with its closures below $0.58. Closures below $0.462 and $0.42 could open the door to an overselling risk down to $0.38. Investor interest is weak for now as BTC approaches a major closure.
CEEK Coin Commentary
The Metaverse excitement has waned. Investor interest in CEEK Coin has weakened even more. This could lead to CEEK Coin setting a new all-time low, as we have written for months. We have long talked about the risk of losing $0.05 and the target of $0.035. Now, this unpopular altcoin is hovering close to this threshold. If we are talking about a bottom for the general market compared to last year, we can say that CEEK Coin has bottomed. But if there is more to come, $0.03 could be a good new bottom.
AVAX Price Commentary
One of the relatively strong altcoins has been AVAX Coin. However, the $29 level could not be permanently surpassed. Investors who took profits at high levels believe in the potential for billion-dollar BTC sales in July and that this will cause destruction in the market. Will we see such a scenario when prices have sold the expectation this much? Time will tell.
If the AVAX price can reclaim $31.6, it can return to the parallel channel and continue its movement targeting $50.
