Bitcoin (BTC) $101,550 price is reaching new records, attracting attention from altcoin traders. Many cryptocurrencies saw gains exceeding 20% this week. The recovery experienced by even the most overlooked altcoins is primarily due to an improved market sentiment and increased risk appetite. What are the latest forecasts for CHZ, CEEK, and Floki Coin?
Chiliz (CHZ)
Although it is the largest player in the fan token space, Chiliz has not performed as expected due to prolonged dull movement. Given that the ETH price has remained below $3,000 despite ETF approval, this situation is not surprising for CHZ Coin. The daily chart shows that the parallel channel support at $0.0593 has been reclaimed, and the price continues to linger around this level.
The current optimistic sentiment is expected to persist, with the initial target being the middle area of the channel at $0.07. The main upward momentum could begin if the price reclaims the $0.095 level. This move could open the door to a bullish season, targeting peaks above $0.30 as various resistance levels are surpassed. Of course, BTC needs to aim for $80,000 and should not fall back to $69,500 during this process.
CEEK Coin Predictions
Excitement in the metaverse space has not yet revitalized. Moreover, we had previously shared detailed insights into the community’s long-standing frustrations regarding CEEK Coin. Nevertheless, CEEK Coin’s price has risen roughly 15% from its lows. In a potential upward scenario, the target level will be $0.0368, and it may fight to reclaim the $0.0503 support above this level.
Floki Coin Price Prediction
One of the relatively strong altcoins this year has been FLOKI Coin. While many cryptocurrencies are testing their lows from last year, and some are even setting new all-time lows, FLOKI investors have remained optimistic.
Recovering from the $0.0001153 low, FLOKI Coin is now battling to regain support at $0.000155. If this critical level is reclaimed, we could see tests at $0.000210 and $0.000260 in the coming hours. It may be beneficial for traders to closely monitor closings above the first significant support area.