Despite the release of positive inflation data, Bitcoin (BTC) price fell to $56,500. The BTC price decline affected the volatility of altcoins. In this article, we review current price predictions for Chiliz (CHZ), CEEK, XRP, and AVAX.
Chiliz (CHZ)
The price of CHZ, which had climbed to $0.053, weakened under the influence of Bitcoin’s price decline following Trump's debate failure. At the time of writing, the price stands at $0.0518, and if the selling pressure continues, a retest of the $0.0472 support level could occur. The noticeable lack of enthusiasm in altcoins aligns with the historical performance of September, reflecting concerns about deeper dips.
CEEK Coin
During its last attempt to rise, CEEK Coin’s price spiked to $0.03040, reflecting ongoing seller appetite at higher levels. Investors evaluating short-term dips see these upward movements of up to 10% as selling opportunities. An analysis of its chart reveals that this has happened multiple times for CEEK Coin. The steadily declining price after dips can continue such sellable movements. Without a genuine comeback from BTC, the outlook for other cryptocurrencies remains like this in the short term.
XRP Coin
Attempts at $0.64 in September ended in failure for XRP Coin. Like other altcoins, every upward attempt has been turned into a selling opportunity. The ongoing struggle with the SEC is nearing its end, and other good news is being overshadowed by the general negative market sentiment. A new attempt could come at the $0.5 level, with a potential test at $0.48 below that. In the event of a significant correction in BTC’s price, the strongest support for XRP Coin appears to be at $0.4. To reignite excitement, XRP Coin needs convincing closures above the $0.54 support, aiming for $0.58.
AVAX Coin
Despite two major news events last month raising hopes, AVAX Coin failed to sustain its momentum. It continues to form lower highs. After the peaks at $41 and $33, the altcoin recently peaked at $28 and now might move towards a deeper dip from its latest peak at $24.6. In the event of a further decline, targets at $20.7 and $17.35 will come into focus. If BTC tests $53,000 anew, it could trigger panic sales among AVAX investors.
Thus, despite the release of positive data, volatility in the altcoin market persists. Predictions for CHZ, CEEK, XRP, and AVAX suggest a possible continuation of price declines in the near future.
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