After reaching $100,000, BTC has returned to the $96,200 zone, leaving investors facing similar situations for the fortieth time. Considering the weekend’s low trading volume, it would not be surprising to see continued weakness in altcoins. What predictions can we make for CHZ, CEEK, FLOKI, and BONK Coins?
Insights on Chiliz (CHZ) and CEEK Coin
Trump has ignited the spark of a global trade war, continuing to escalate tensions. This unsettling situation could have adverse effects on U.S. inflation and is increasingly affecting risk markets. Initially, it seemed to target China, but is now confronting the EU, Japan, and all trading partners, fostering uncertainty in the market.
For CHZ Coin, should the downtrend persist, the channel support at $0.0588 remains crucial. The price has fluctuated between levels we have discussed for months. If selling continues, we might see a new low test at $0.0467 despite the prevailing uptrend, as it seems illogical for the price to remain at these low levels for so long.
The situation for CEEK Coin is more complex, as the community has suffered significantly in bear markets. With many alternatives emerging, even popular metaverse altcoins are on the verge of being forgotten due to neglect. If CEEK Coin continues to decline, we might see new all-time low attempts below $0.02484 in ongoing closures.
Analysis of FLOKI and BONK Coins
As BTC price currently retreats to $95,800, FLOKI Coin accelerates its movement to $0.00006463. Continued selling over the weekend could lead to lower wicks extending down to $0.00004433. The price, which has dropped by 71% over 80 days, is experiencing losses that are atypical during an upward trend.
The popular meme coin on the Solana $168 network has also faced losses exceeding 70%. It is now trending toward the support level of $0.00001512. The gains made until the November 5 elections have been completely erased, creating an interesting scenario for altcoin seekers if Trump does not win.
Should the downtrend continue, lower wicks reaching $0.000010 could be seen.