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Reading: Investors See Profitable Period in Altcoins on June 4
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COINTURK NEWS > Technical Analysis > Investors See Profitable Period in Altcoins on June 4
Technical Analysis

Investors See Profitable Period in Altcoins on June 4

In Brief

  • June 4 saw double-digit gains for altcoin investors.

  • CHZ Coin is attempting to overcome the $0.148 barrier.

  • XRP Coin is still finding buyers below $0.53.

COINTURK NEWS
COINTURK NEWS 1 year ago
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June 4 was a profitable day for altcoin investors, with double-digit gains observed. BNB Coin surpassed the $635 resistance. Many cryptocurrencies reached double-digit gains. Meanwhile, investors in CHZ, CEEK, and XRP Coin, who have been waiting to cash in their gains for a long time, are still patiently standing by.

Contents
Chiliz (CHZ) Price PredictionCEEK Coin Price PredictionXRP Coin Analysis

Chiliz (CHZ) Price Prediction

BTC is hovering around $70,500, and continued closings in this area will be motivating for new peaks. On the CHZ Coin front, the $0.148 barrier is being attempted to be overcome. Although the price maintains $0.143 as support, testing lower resistance levels is somewhat discouraging.

If the $0.14 threshold can be maintained, we might see new upward attempts. Besides, if there are closings below $0.132, there is a risk of continued sales down to $0.110. For a real rally and targets of $0.23 to $0.3, it is essential for $0.165 to turn into support.

CEEK Coin Price Prediction

We were looking at the CEEK Coin chart a few times a week, and it has been moving sideways for 50 days. Although it made one last speculative upward attempt, the long upper wick remained on the chart as a memory of profit-taking by those who bought from the bottom. The $0.057 barrier still hasn’t been overcome. CEEK Coin investors are now preparing to test the $0.05 base support. If this level is also lost, a new journey to an all-time low price after $0.032 will begin.

CEEK Coin has already lost its excitement in the metaverse area. Worse, the metaverse category has almost faded within the entire crypto market. Giants like SAND and MANA are also very quiet. This situation could negatively affect CEEK Coin’s long-term story.

XRP Coin Analysis

The CEO recently said we might see an ETF in 2025, but it is not guaranteed that the case for XRP Coin will completely end next year. It could extend to 2026 with collective appeals and so on. In this situation, XRP Coin is still finding buyers below $0.53. The recent rise in the BTC price does not seem to matter much.

Therefore, the targets remain fixed. Below $0.51, there is a potential drop to $0.48, and above $0.53, there is a potential for a new rise to $0.58.

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 5 June, 2024 - 2:42 am 5 June, 2024 - 2:42 am
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