Bitcoin price continues to find buyers above $50,000, which is definitely good news for altcoins. If the king cryptocurrency consolidates in the current range, it will create enough room for a general uptrend in cryptocurrencies. Thus, we will see targeted resistance tests and breakouts in altcoins.
Loopring Coin Analysis
After reaching a high of $3.71 at the end of 2021, the price dropped to around $0.6 six months later. Investors who bought at high levels during the last bull market have been experiencing sleepless nights for a long time. From a low of $0.16 at the end of December, LRC Coin rose to $0.35 and is now at $0.25.
If it can close above $0.264, it could return to the December peak after $0.29 and $0.32. This will be the first opportunity to aim for the ATH region again. However, it will take a long time to return to this region as it is significantly far from the peak. But ending the long-term downtrend and reclaiming the next stop at $0.51 will be possible. Since May 2022, the price has not been able to surpass this key area.
Chiliz (CHZ) Coin Analysis
The price, which lingered around the $0.1 region for a long time, has solidified its position above the resistance level of the parallel channel. If CHZ Coin price can close above $0.113, we may see the long-term downtrend now turning into a parabolic rise. In the next two years, in a bullish scenario, the expectation is to surpass the targets of $0.124 and $0.1429. Then, the bulls’ enthusiasm could stay alive up to $0.3.
The long-term target for the peak is $0.6. Above this, a serious demand or a major adoption wave in the ecosystem, reminiscent of the days when fan tokens were popular again, will be required to set a new peak. In the short term, closures below $0.0977 could lead to a drop to $0.09 and $0.085.
CEEK Coin Analysis
CEEK Coin price continues to fluctuate in the middle area of the parallel channel. If the price, trapped between $0.049 and $0.053, can overcome the $0.056 resistance, it could reach $0.065 again. However, a drop to $0.046 and $0.044 is likely if the $0.049 level is lost.
For now, we cannot say that CEEK Coin has positively diverged like some other altcoins.
