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The leading cryptocurrency did not meet expectations in July, with the price hovering around $66,500. The recent BTC drop had negative effects on altcoins, causing them to turn red. Markets that have pleased short-sellers for months need to remind us that we are in an upward trend at some point. Indeed, crypto is always full of surprises.
Chiliz Coin
CHZ Coin price is lingering at $0.0682 at the time of writing. The middle area of the parallel channel could not be permanently reclaimed. If sales accelerate, it is possible for the CHZ Coin price to retest the parallel channel support at $0.059. For a potential upward scenario, closures above the middle area at $0.07 are sought, followed by a target of $0.0778 resistance.
CEEK Coin Price in TL
Particularly popular among Turkish cryptocurrency investors, CEEK Coin is trading at 1.13 TL at the time of writing. However, it continues to target new all-time lows in dollar parity. We have been discussing the possibility of new ATL for months, and this prediction recently came true.
If the $0.032 level is lost again, we might see a new ATL attempt towards $0.025. For this to happen, BTC must make another destructive attempt below $60,000. To end the decline, a permanent break above $0.039 is needed, and if achieved, a recovery towards $0.056 could occur.
However, CEEK Coin is on a difficult path due to community reaction, increasing competition, and waning interest in the metaverse. Even the strongest alternatives like SAND and MANA are showing weak performance, making it unlikely for CEEK Coin to positively differentiate itself outside of speculative movements.
Floki Coin
One of the biggest rivals of Shiba Coin, FLOKI Coin made quite good attempts this year. However, the rally did not continue above $0.00034802 because BTC saw significant drops. For now, the altcoin is maintaining strong support at $0.0001373 and lingering above the intermediate support at $0.000163.
However, depending on BTC price performance, supports may be retested. To end the downtrend, closures above $0.000186 are needed.
