As of now, Bitcoin is trading at $94,400, while numerous altcoins are on a downward trajectory. This ongoing decline in the altcoin market has intensified due to a recent drop in Bitcoin’s value. Interestingly, positive geopolitical news, including advancements in the Ukraine conflict by Trump and support from Macron, has not translated into gains for alternative cryptocurrencies. The European Union is set to handle over $100 billion in payments from the U.S., yet altcoins continue to struggle.
What’s Next for Chiliz (CHZ)?
Chiliz (CHZ) has plummeted to $0.05, undoing any gains made during the election period. The initial target for recovery for CHZ stands at $0.0598, with many altcoins currently testing their lower boundaries. The market has experienced significant sell-offs since the start of the week, creating a challenging environment for cryptocurrencies.
How is Floki Coin Performing?
Floki Coin is nearing a low of $0.00007225, driven by negative sentiment in the meme coin market. If this trend persists, it could fall to $0.00003756, a level where it previously gained momentum. Despite a notable 147% increase in November, the price has since dropped by 70%, leading to significant losses for many who invested during the election hype.
- Bitcoin’s current price stands at $94,400.
- Chiliz (CHZ) needs to break through resistance at $0.0598 to recover.
- Floki Coin could decline further to $0.00003756 if negative trends continue.
- CEEK Coin is also facing a challenging path with a long-term goal of establishing a new all-time low.
Bitcoin is currently testing liquidity at $93,400, raising concerns of a potential drop to $89,000 if support levels fail. As altcoins remain under pressure, market stability seems remote, causing considerable uncertainty among traders and holders alike.
