Volatility in cryptocurrency markets has surged due to negative sentiment surrounding tech stocks. The article examines the impact on CHZ, CEEK, MINA, and ETHBTC prices.
Analysis of Chiliz (CHZ) and CEEK Coin
The loss of the $0.0597 support level has led CHZ Coin to move towards the anticipated bottom. Despite positive results in the first half of the year, the overall market weakness has impacted Chiliz significantly. If key support is regained, targets could reach $0.07 and $0.084, with potential highs at $0.094 and $0.115. However, continued decline could aim for $0.0265. CEEK Coin also fell to $0.0452, with discussions on reaching a new ATL. Potential delisting news could trigger even deeper sell-offs.
Insights into MINA Coin and ETHBTC
The ETHBTC pair continues to decline at an accelerated rate. Its price has weakened against BTC for 931 days, experiencing a 72% drop. If decline continues, it may test the 0.0162 BTC low seen during the 2019 crash. MINA Coin, purchased at $0.25 during its presale, has dropped to $0.24 within just 93 days, losing 76% in value. A reversal is needed from current levels, which may occur if $0.3834 support is regained.
Conclusion
The volatility in cryptocurrency markets could continue unless a correction occurs. Investors should consider the risks and potential opportunities associated with the recovery of certain assets after reaching new lows.
The current situation in cryptocurrency markets remains tense, but upward prospects are still possible should key support levels be regained for the discussed assets.
