The cryptocurrency market continues to demonstrate instability, particularly regarding Bitcoin, Solana, Chiliz, and CEEK Coin. This article analyzes current trends and expected changes.
Current Trends of Bitcoin
Bitcoin continues to trade below $105,000, failing to break the $106,800 threshold, indicating potential bearish trends in the market. An increase in volatility is expected in June, which may affect market movements.
Outlook for Solana
Solana is currently the third-largest cryptocurrency and may become a leader among altcoins in November. If spot ETF approval is granted, this could lead to significant gains. The coin trades between $142 and $148, and breaches above $158 could signal bullish trends.
State of Chiliz and CEEK Coin
Chiliz faces challenges despite the end of the US elections. The cryptocurrency fell from $0.06 and is now trying to regain $0.0501. Meanwhile, CEEK Coin is under pressure from declining interest in Metaverse projects, leading to a 90% price drop over 448 days.
In the ongoing instability of the cryptocurrency market, it is essential to closely monitor changes. Solana shows potential for growth, while Chiliz and CEEK Coin are facing significant challenges.
