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COINTURK NEWS > Technical Analysis > Socios Shares Positive News Following PSG Agreement
Technical Analysis

Socios Shares Positive News Following PSG Agreement

In Brief

  • Socios' partnership with PSG brings positive attention to CHZ.

  • CEEK Coin faces challenges but has potential for speculative rises.

  • XRP Coin struggles with regulatory pressures and fluctuating prices.

İlayda Peker
İlayda Peker 2 years ago
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Socios has announced positive news after its agreement with PSG. Although CHZ did not rise as expected, any sign of vitality is encouraging. As the lackluster movements of cryptocurrencies continue, let’s take a look at the current price predictions for CHZ, CEEK, and XRP Coin.

Contents
Chiliz (CHZ)CEEK Coin CommentaryXRP Coin Predictions

Chiliz (CHZ)

We previously discussed the significance of the parallel channel support at $0.0596, where those who viewed this area as an entry point for CHZ Coin achieved notable gains. The altcoin is now attempting to maintain the crucial $0.07 level after surpassing the middle of the channel again. Fluctuations in Bitcoin $77,420 prices have led to rapid sell-offs at $0.0831.

As long as the middle area is maintained, a retest of $0.083 could occur. Following this, the parallel channel resistance at $0.0859 will be targeted, with the rally likely accelerating at $0.0957.

CHZ Coin is at a critical decision level, and a pullback to the parallel channel support is anticipated. Volatility in the CHZ chart is likely as investors react to BTC price movements, and the targets are clear.

CEEK Coin Commentary

While CEEK Coin gained popularity on social media in 2021, it has since faced deeper declines. A selling point for short-term gains is established at $0.03185, with prices being pushed down to set a new all-time low (ATL) at this level. If closures occur below $0.0274, new lows can be expected.

The last OKX ATL point is at $0.0251, and CEEK Coin may fall below this level if BTC declines. Conversely, if market liquidity improves, speculative rises could occur, with attempts possible above $0.044.

XRP Coin Predictions

XRP Coin is hovering around $0.53, and the outlook remains poor due to the ongoing appeal. Ongoing regulatory pressure will continue to pose significant issues for XRP Coin in the upcoming months.

For 19 days, this popular altcoin has fluctuated between $0.55 and $0.519. In a downturn, support points could target the $0.50 and $0.435 range, while on the upside, $0.58 and $0.64 are current levels to watch.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 22 October, 2024 - 8:08 pm 22 October, 2024 - 8:08 pm
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By İlayda Peker
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