Bitcoin is nearing the $69,000 mark once again, with indicators pointing to a strong start to the week in ETF data. Anticipated volatility surrounds the opening of US markets, influenced by upcoming data releases and initial ETF volume statistics. This volatility will determine price targets for LUNA, FLOKI, AVAX, and CEEK Coin over the weekend. What can we expect?
LUNA Coin Overview
LUNA Coin has seen a decline since peaking on March 5, with a significant event being Do Kwon's house arrest in March. Despite attempts to hold above $1.18, the price could not sustain. In case of negative BTC price movement, LUNA Coin might test $0.84 and $0.78 levels soon.
Even with lower highs, surpassing $0.965 and initiating a rally could lead to targets at $1.14, $1.22, and up to $1.5 in very positive conditions. However, investors should remain cautious due to potential quick reversals signaled by long upper wicks.
FLOKI Coin Update
Currently, FLOKI Coin remains above the $0.000156 support level, facing the possibility of testing it in adverse market conditions. Reclaiming the $0.000256 mark could see a return to, or surpassing, all-time highs. Investors with high profit expectations are still optimistic as significant sell-offs from the top have not occurred yet.
AVAX Price Projection
Bullish sentiment holding around $45.4 is banking on a BTC price resurgence. Failure to meet these expectations might push AVAX price to test $41 and $38 areas. Sustained closures below the $50 breakout point continue to breed pessimism.
In optimistic scenarios, closures exceeding $50 and $54 could pave the way for 2024 highs at $80. However, weakness in the market persists.
CEEK Coin Evaluation
As predicted, the price retraced to $0.074 and there might be further declines to $0.064 and $0.058 with ongoing sell-offs. Closing below the $0.1 threshold and diminishing metaverse interest do not bode well for CEEK Coin.
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