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Bitcoin 
$106,719‘s price started poorly on Tuesday, seeking new lows after testing the $64,500 mark over the past 24 hours. Short-term profit-taking at higher levels has led to significant losses in altcoins. What are the forecasts for CEEK, Floki Coin, LUNA, and WIF Coin?
CEEK Coin Analysis
CEEK Coin, focused on the Metaverse, continues to make lower lows even as stronger competitors falter significantly. We have long suggested that prices hovering around $0.3 could aim for a new all-time low. This has occurred as it reached new all-time low levels in the USDT pair on the OKX exchange.
For the downward movement to cease, it needs to close above $0.0397, roughly 33% higher than the current price. This could be a testable peak in a potential rapid BTC rally.
Floki Coin Analysis
Last year, Floki Coin gained notable volume, securing a listing chance on Binance alongside PEPE Coin. Investors have attempted multiple times to maintain a position above $0.000163 after reaching a peak of $0.000348.
Due to selling pressure at this peak, Floki Coin has now dropped to a low of $0.00012798. If a genuine recovery is to occur, this barrier must be surpassed.
LUNA Coin Analysis
After Terraform Labs declared bankruptcy, the outlook for LUNA Coin appears bleak amid a competitive environment that has strengthened post-Terra collapse. Despite speculative recoveries, continued closures below $0.43 may lead to new lows.
The experiences of assets like FTT Coin and LUNA Coin do not alter the reality of their struggle for long-term survival. Other assets like VGX and CEL have already been forgotten.
WIF Coin Analysis
After stabilizing at $1.46 for about 47 days, WIF Coin has turned upward. Short-term profit-taking above $2.6 correlates with the overall market’s risk appetite.
Since BTC has not convincingly closed above $70,000, altcoin rises are perceived as selling opportunities. Subsequently, investors may buy in at lower levels for long-term goals, but eventually, they will begin to see higher lows, leaving some investors outside the market.
