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After the Federal Reserve’s decision to keep interest rates stable last week, warnings from many officials that interest rates could increase by the end of 2023 led to a new wave of selling in the cryptocurrency market. In these days when we witness the most low-volume market in recent years, many altcoins are testing their lowest levels, making the situation even more complex.
CEEK Chart Analysis
Things continue to go bad for CEEK, which has been unable to break the downtrend since its launch. Especially the absence of a healthy structure in the chart highlights the low-volume and stagnant environment in the pair once again.
The support levels to be followed for CEEK on the 4-hour chart are respectively; $0.03659 / $0.03624, and $0.03573. Especially a 4-hour close below the $0.03624 level will be a serious reason for the deepening of the decline. The resistance levels to be followed are respectively; $0.03763 / $0.03829, and $0.03890.
Solana Chart Analysis
The permission granted by the court for token sales for FTX especially caused a significant decline in the Solana price. After the decline, Solana returned to its old range and broke the support of the rising channel formation, causing concerns. For now, it is of vital importance to monitor the price breakout in the chart where the price is accumulating.
The support levels to be followed for Solana are respectively; $19.15 / $18.90, and $18.65. Especially if the $19.15 level serves as support three times, a close below this level can seriously harm the price. The resistance levels for Solana are respectively; $16.66 / $19.86, and $20.11.
Avax Chart Analysis
Avax, which made a lot of noise with its record-breaking performance and investments in 2021, continues to leave the old days behind. Although the ecosystem continues to exist, it suffered a serious blow, especially with Luna’s bankruptcy, and the price movement coordinated with Solana has suffered significant damage since then.
The support levels to be followed for Avax are respectively; $8.89 / $8.73, and $8.53. Especially if the descending channel formation is broken, Avax, which gives hope to its investors, can postpone its upward hopes for another time if it closes below $8.89. The resistance levels to be followed for Avax are respectively; $9.09 / $9.30, and $9.56.
