Bitcoin (BTC) recently attempted to breach the $60,000 mark but faced setbacks. This brings us to the question: what’s the status of altcoins like CEEK, BONK, MINA, and MATIC? Analysts have delved into the latest charts of these altcoins to evaluate possible levels and regions that might be tested in both bullish and bearish scenarios.
Where is CEEK Coin Headed?
CEEK Coin has been struggling since it fell below the $0.0447 threshold, leading to a sharp decline. The drop intensified due to waning interest in the metaverse and diminishing investor confidence. The cryptocurrency’s price plummeted by 75% over a span of 116 days. Currently, it is showing signs of recovery, attempting to regain the $0.038 mark. If successful, CEEK may reclaim its parallel channel support.
What’s Next for BONK Coin?
BONK Coin has managed to hold the $0.0000182 support level, regaining its parallel channel support. With the $0.0000248 base intact, a test at $0.0000291 could be imminent. Breaking this level might pave the way for new all-time highs. Short-term projections suggest a rapid rise to $0.0000441 if Bitcoin reclaims $60,000. Conversely, a bearish trend could see BONK dipping to $0.0000131.
The MINA network has reached a significant milestone, setting the stage for launching an ecosystem capable of running smart contracts. This development could trigger a substantial rise, reminiscent of the surge seen at the beginning of January. The price has distanced itself from the $0.441 support and is eyeing the $0.511 base, with a target of $0.725. Successful consolidation above $1 could signal a new bull market peak.
MATIC Coin’s Path Forward
Despite a 2% increase today, MATIC Coin has experienced a 66% decline over 114 days. However, it has begun to recover, and now aims to reclaim the $0.546 support level, targeting $0.68. Surpassing this threshold could bring targets above $1 back into play.
Key Insights
- CEEK Coin needs to regain the $0.038 mark for a potential recovery.
- BONK Coin holding above $0.0000248 could lead to new highs.
- MINA Coin’s upcoming ecosystem launch may significantly boost its price.
- MATIC Coin aims to reclaim $0.546 support to target higher levels.