Extreme volatility in cryptocurrencies persists, and Bitcoin has formed a candle today similar to that of February 15. Even though the price has reached a new yearly high, neither bulls nor bears are giving up the fight. As profit-taking starts at the peak, the price dips below $51,000, but buyers are re-entering the game. Altcoins are not pleased with this process, with most experiencing around a 4% loss.
BNB Coin Commentary
Supported by Binance, still the largest exchange by volume, BNB Coin has reclaimed its position as the fourth-largest cryptocurrency, surpassing Solana. With a market value of $52.6 billion, the altcoin has regained its throne following a 9% weekly increase, while SOL Coin’s price has declined and is currently valued at $47 billion.
After the rise in December, BNB Coin increased by only 50% and faced rejection at $360. However, since the price is still making higher peaks, there’s no need for pessimism. If the $360-370 range can be reclaimed, an extension of the rally to $400 is possible.
CHZ Coin Price Forecast
When we drew the parallel channel and set a target of $0.14, the price was still at $0.06. Now, CHZ Coin is trading over 100% higher at $0.125. As the biggest fan token ecosystem, the end of sports seasons and championships should positively impact Socios’s CHZ Coin. Indeed, that is happening.
If CHZ Coin starts closing above $0.128, it could return to the long-discussed $0.14 region. Beyond that, the February 2023 peak of $0.179 exists. If this level turns into support, CHZ Coin should return to the $0.3-$0.4 price range. Moreover, the current outlook suggests the downtrend has ended. As long as the price stays above $0.12, the rise could intensify.
CEEK Coin Review
Lesser-known altcoins that ignore BTC’s price increase but rapidly decline when it falls carry significant risk. CEEK Coin is one of them, and with a low market value, it has left investors disappointed, leading to its price dropping to $0.049 due to a lack of long-term optimism.
If the decline continues, the $0.046 and $0.044 support levels could be tested. If selling persists after the last support, the ATL (All-Time Low) region could be targeted.
