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In the cryptocurrency markets, investors are retreating into their shells again with the anxiety of more downside risks. BTC is below $61,000 and altcoins are facing increased risk of further declines. What are the current predictions for SOL, AVAX, Chiliz, and CEEK Coin? What levels might investors see?
Solana (SOL)
The second attempt also failed, and SOL Coin has started to decline again from the $160 level. If sales continue, the $122 level could be tested again. Below that, the $117 and $107 levels exist. For the rise of SOL Coin to continue in the short term, we need to see closures below the $112 parallel channel resistance.
In the long term, closures above $85 will be sufficient for now to continue the uptrend. We often mention upward targets, so there is no need to repeat, and under current conditions, support tests seem more likely, so investors need to adjust their stop areas well.
Avalanche (AVAX)
The popular altcoin has dropped below $34 again. $32 is an important support level in the current range, and below that, there is $28 support. AVAX price has already pushed away the short-term rise scenario with closures below $40. With the negativity in the BTC price, it seems that AVAX investors will not be smiling for a while. If the expected scenario occurs, we might see new lows in the range of $25.7 and $21.
CHZ Coin Review
Compared to others, CHZ Coin is in a relatively better position. The price is maintaining support at $0.12. There hasn’t been a new test of the parallel channel resistance like in April. Even though BTC is at lower levels, this strong stance is positive for long-term performance. The key threshold is $0.13, and closures above this level could lead back to peaks of $0.143 and $0.16.
CEEK Coin Price Prediction
CEEK Coin started a rise on February 23 at $0.049, reaching a peak at $0.115, and then returned to its starting point. We had mentioned that this was a likely scenario since the peak. The unsurprising decline can be attributed to a lack of long-term optimism, overall market negativity, and disinterest in the metaverse area.
If the decline continues and support is lost, the journey to deeper lows could continue to $0.033.
