In the cryptocurrency markets, investors are showing concern due to the possibility of further downward risks. Bitcoin (BTC) is currently trading below $61,000, while altcoins are also facing an increased risk of declining further. There are predictions in place for SOL, AVAX, Chiliz, and CEEK Coin, with potential price levels indicated for investors to watch.
Solana (SOL)
SOL Coin has experienced a decline from the $160 level, failing its second attempt. If selling pressure persists, the coin may test the $122 level, followed by $117 and $107 levels. For a short-term upward movement, closure below the $112 parallel channel resistance is needed. Long-term upward movement requires closures above $85.
Avalanche (AVAX)
The popular altcoin AVAX has dropped below $34, with $32 being a crucial support level. Further support is at $28, but closure below $40 eliminates the short-term rise scenario. With bearish BTC price movements, investors may see new lows around $25.7 and $21.
CHZ Coin Review
CHZ Coin is relatively stable, holding support at $0.12 without testing the parallel channel resistance. The coin's resistance has remained strong amid BTC price declines, a positive indicator. A key threshold level is $0.13, with closures above potentially leading to peaks at $0.143 and $0.16.
CEEK Coin Price Prediction
CEEK Coin showed a rise from $0.049 to $0.115 on February 23, followed by a return to the initial price. This decline is attributed to a lack of long-term optimism, broader market negativity, and waning interest in the metaverse space. Further decline could lead the coin to lows of $0.033.
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