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Investors Face Challenges in Altcoin Market

Sep 3, 2024
  1. LUNC Coin Chart and Future
  2. Solana (SOL) Chart and Price Future
  3. CEEK Coin Future

Altcoin investors did not have a good September, and the new month started negatively. BTC is lingering below $58,000, leading to further declines in altcoin prices.

LUNC Coin Chart and Future

September started poorly for cryptocurrencies, and altcoin sales continue to create a ripple effect. Especially assets like LUNC Coin, which have taken severe hits, are likely to see deeper lows this year. At the time of writing, the price is approximately $0.00007438. We mentioned that $0.00007310 could soon be breached. If this happens, sellers will try to push the price to the $0.00006290 support level.

Solana (SOL) Chart and Price Future

With the ETF rejection and a decline in network activity, things are getting tough for SOL Coin. Although it is one of the strongest competitors to Ether, the dampening of risk appetite has fully hit the Solana ecosystem. This year, the story of meme coins with a market value below $50,000 has created massive demand on the Solana network. Currently, Solana DeFi volumes have seen the lowest levels of recent months. The $128 support is being tested for the fifth time. If these attempts fail, SOL Coin could tumble below the parallel channel resistance at $111.

CEEK Coin Future

The metaverse area has turned into a category suffering from long-standing neglect amid overall market negativity. The metaverse, to which big companies showed intense interest, has not been talked about for a while. Giants like MANA and SAND have also experienced significant losses. If the decline continues, CEEK Coin could focus on new targets below the $0.02557 level.

While the current market situation is challenging, periodic market changes could trigger speculative price rises. It is important to monitor overall market sentiment for the potential recovery.

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