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COINTURK NEWS > Technical Analysis > Cryptocurrency Prices Experience Fluctuations
Technical Analysis

Cryptocurrency Prices Experience Fluctuations

In Brief

  • BTC price is at $61,600, and altcoins are in the red.

  • SOL Coin price is affected by BTC losses, maintaining $148 as support.

  • CHZ Coin price quickly turned back after BTC price increase stopped.

COINTURK NEWS
COINTURK NEWS 10 months ago
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BTC price is at $61,600 and altcoins are in the red again. Boring days continue for cryptocurrencies. Although the ups and downs that have been going on for months tire investors, such psychological pressures are inherent in crypto markets. So, what are the current price predictions for SOL, CHZ, and CEEK Coin? Here are the details.

Contents
Solana (SOL)Chiliz (CHZ)CEEK Coin

Solana (SOL)

SOL Coin price, which found buyers above $150, was affected by BTC losses. The price, which will target $188 by exceeding $162, now maintains $148 as support. Solana saw a weakening in its momentum with the recent ETF rejection event. This caused it to not benefit as much from the overall market rise.

In case of closures below support, the target will clearly be $136 and $128, followed by a potential drop to $116. Below this, there is the $100 bottom. Solana is still strong in terms of network activity, and if interest in low market cap meme coins revives with the overall market recovery, SOL Coin price could make a faster-than-expected turnaround.

The optimistic scenario for early September will be $210 above $188. This will be the last stop before the $256 target. Perhaps BTC will make a surprise comeback with the excitement of interest rate cuts, thus disappointing those who see every peak as a short-selling opportunity.

Chiliz (CHZ)

CHZ Coin had fully reclaimed the parallel channel support that turned into resistance and was targeting $0.07 when BTC price increase stopped. This caused the slowly rising price to quickly turn back. Although the rise is gradual, investors are selling very quickly due to the nightmare experienced for months. As long as this offers them an entry opportunity at lower levels, there is no problem, but in the past, the crypto markets have left many who jumped off the ship behind.

If the decline continues, a new bottom could be seen between $0.052 and $0.043. This may vary depending on how close the BTC price gets to $50,000.

CEEK Coin

Support is at $0.03, and CEEK Coin price may soon spike to $0.028. If BTC falls faster, what CEEK Coin price targets will be the new ATL level. In the optimistic scenario, it is difficult to talk about a real rise without seeing closures above $0.034.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
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 27 August, 2024 - 9:41 pm 27 August, 2024 - 9:41 pm
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