As the price of Bitcoin continues to close below $30,000, altcoin investors are becoming increasingly concerned. Cumulative volume has fallen below $20 billion again, and many altcoins have retraced to support levels due to lack of interest. So, what is the current situation for Solana, Chiliz, and CEEK Coin?
Will Solana Coin Increase?
Due to a lack of network interest, SOL Coin investors have not been able to trigger a significant price recovery. Moreover, new competitors in the game such as SUI and APTOS have reduced Solana’s share of the pie. The Solana team is struggling to make enough noise even with its ambitious SAGA project.
At the time of preparation, the price of SOL Coin is at $23. The price has dropped to the 22.25 level since July 26. However, a close above $23.68 is needed for a real rally. If the $24 level can also be surpassed, the price can target the key resistance level of $27 again.
Closes above this level could pave the way for a retest of $32.
Chiliz Coin Review
CHZ Coin, the biggest player in the fan token world, has suffered a significant erosion due to the break in seasons. However, seasonal rallies promise a brighter future in the medium term. Chiliz needs to take bigger steps in its fan token blockchain project to overcome the general negativity in the market.
At the time of writing, Chiliz Coin is trading at $0.077. A four-hour close above $0.0774 is needed for an upward movement. If the bulls can achieve this, the levels of $0.0786 and $0.08 can be revisited. For now, the negativity in the price of Bitcoin continues to suppress the fan token king.
CEEK Coin Predictions
The metaverse narrative was once very popular. Metaverse projects, which were a significant trend at the end of 2021, are now experiencing a shortage of users. Interest has waned, and the bear market that has lasted for almost two years has worn out investors.
The price, which rebounded from the $0.044 low two days ago, now seems to have reversed from its all-time low (ATL). If it can see closings above $0.0505, a V-shaped recovery is possible. This will help achieve the targets of $0.056 and $0.065.
