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COINTURK NEWS > Altcoin News > Investors Brace for Bitcoin’s Rise While Altcoins Struggle to Recover
Altcoin News

Investors Brace for Bitcoin’s Rise While Altcoins Struggle to Recover

In Brief

  • Bitcoin price struggles to maintain levels above $105,000.

  • CHZ and CEEK coins show mixed recovery signals in the altcoin market.

  • PEPE Coin's performance hinges on Ethereum's market movements.

Ömer Ergin
Ömer Ergin 5 months ago
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Bitcoin (BTC) $104,799 price continues to struggle with closing above $105,000. The relatively stable consolidation at these higher levels is promising for larger peaks. However, it is challenging to say the same for altcoins, as most are still below their levels from last year. What are the predictions for CHZ, CEEK, FLOKI, and PEPE Coin?

Contents
Chiliz (CHZ) and CEEK Coin InsightsFLOKI and PEPE Coin Analysis

Chiliz (CHZ) and CEEK Coin Insights

CHZ Coin tends to show positive performance in the first two quarters of the year but has yet to fully initiate the desired rebound. While Trump’s election has sparked investor excitement for BTC and some meme coins, overall market appetite remains weak.

CHZ Coin has maintained a significant support level at $0.072, which we have discussed for months. The price halted its losses after testing this area again. If BTC permits, we can expect to see tests at $0.0856 and $0.0974 with a potential new movement toward $0.1240 afterward.

The competition in altcoins is fierce, and excitement around metaverse altcoins has significantly declined. CEEK Coin’s situation is more complex, with the price struggling to recover after hitting a low of $0.02874. If successful, we might see a new attempt at $0.04029.

FLOKI and PEPE Coin Analysis

FLOKI Coin has maintained support at $0.00011587, rising to $0.00019067 before pivoting back to the support level. This situation is closely linked to the liquidity focusing on meme coins due to Trump’s activity.

If a genuine recovery period begins for altcoins, we may observe accelerated increases if we see closures above $0.00020506. If $0.00028849 is surpassed, it could encourage investors for a new all-time high.

Ether prices are set to rise, potentially reviving tokens within its ecosystem. Under these circumstances, PEPE Coin, being one of the largest meme coins in the network, could yield substantial gains. Investors have long awaited this scenario, yet ETH remains stagnant around $3,300.

If PEPE Coin closes below $0.00001509, it could decline to $0.00001292 and $0.00000794 due to the indifference toward ETH.

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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Ömer Ergin 22 January, 2025 - 7:05 pm 22 January, 2025 - 7:05 pm
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