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Profitable Period for Altcoin Investors on June 4

Jun 5, 2024

June 4 proved to be a fruitful day for altcoin investors, witnessing substantial gains across various cryptocurrencies. Notably, BNB Coin surged past the $635 mark, while numerous other altcoins also experienced double-digit growth. Amidst this positive trend, investors holding CHZ, CEEK, and XRP Coin are patiently awaiting opportunities to capitalize on their investments.

Chiliz (CHZ) Price Analysis

BTC's current valuation hovers around $70,500, indicating a favorable climate for reaching new highs. In the realm of CHZ Coin, efforts are underway to surpass the $0.148 resistance level. Despite finding support at $0.143, the challenge of breaching lower resistance points poses a slight setback.

If the $0.14 barrier holds, it could prompt further upward movements. However, a dip below $0.132 may trigger sustained selling pressure towards $0.110. To initiate a substantial rally with targets ranging from $0.23 to $0.3, establishing $0.165 as a solid support level is crucial.

CEEK Coin Price Update

The CEEK Coin chart has exhibited sideways movement for over 50 days, with attempts at breaking the $0.057 barrier proving futile. Investors are now bracing for a test of the $0.05 support level, with a potential descent to all-time lows post-$0.032 if this level is breached.

CEEK Coin's allure within the metaverse arena has waned, mirroring the overall decline in the metaverse segment across the crypto market. This unfavorable trend could cast a shadow on CEEK Coin's long-term trajectory.

XRP Coin Assessment

Speculation surrounds the CEO's hint at a possible ETF launch in 2025 for XRP Coin, but uncertainties prevail regarding the prolonged legal battle extending possibly into 2026. Despite ongoing developments, XRP Coin continues to attract buyers below $0.53, displaying resilience in the wake of BTC's recent price surge.

The price targets for XRP Coin remain unaltered, with a downside potential to $0.48 below $0.51, and an upside potential to $0.58 above $0.53.

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