Bitcoin (BTC) $0.000034 is currently striving to surpass the 68,000-dollar mark. Altcoins are recovering with gains exceeding 2%. For cryptocurrency traders, it is time to move past the dull days as historical performance might repeat with ongoing interest rate cuts.
Chiliz (CHZ)
The importance of maintaining the middle area of the channel has been emphasized. CHZ Coin is valued at 0.0677 dollars at the time of writing. Although the middle area has been lost, there has been no return to the support level of 0.0593 dollars with the BTC price recovery. For now, CHZ Coin needs to close above 0.07 dollars to surpass the resistance of 0.0851 dollars.
If it manages to close above 0.104 dollars, a rally back to the 0.3 dollar range could be triggered. For this to happen, BTC needs to convert the 70,000-dollar level into support.
PEPE Coin Analysis
PEPE Coin is still hovering above 0.00000469 dollars, keeping hopes for further increases alive. It’s crucial to avoid new lows throughout the year. Due to strong belief in an upcoming bull season, supported by BTC price increases, closing above 0.00001124 dollars could lead to a near 50% rise to the 0.00001726-dollar peak.
CEEK Coin Comments
For 13 days, sideways movement continues with long upper and lower shadows on the fluctuations. The long-term motivation for CEEK Coin remains weak, and investors may have little to gain outside speculative rises. Nevertheless, unusual movements may not be surprising in an environment where capital flow accelerates.
Shiba Coin Analysis
Shiba Coin needs to test the 0.00002071 dollar level, but when exactly? The price must return to this channel support and reclaim the mid area at 0.0000255 dollars to focus on resistance. The Shiba team can dominate prices with exciting announcements during bullish periods. If BTC returns to 70,000 dollars and a surprise involving Trump occurs in the U.S. elections, we could see movements exceeding 60% from the current level.
In the short term, potential pullbacks might lead to lower shadows down to the support level of 0.00001613 dollars.