The leading cryptocurrency Bitcoin (BTC) is currently valued at $61,800, with its recent decline having stabilized. Meanwhile, several altcoins such as DOGE, SHIB, and CHZ have seen an upward trend, increasing by over 8%. This comes after these altcoins hit new lows yesterday, making their recent double-digit gains less surprising. The focus now shifts to predictions for BONK, CHZ, and CEEK Coin.
What’s Next for BONK Coin?
After peaking on May 29, BONK Coin has experienced a 58% drop over 27 days. However, it has bounced back to stand 27% above its recent low of $0.0000182. This swift recovery is attributed to excessive selling. The key support level at $0.0000212 has been reclaimed, allowing the coin to aim for $0.0000282 and $0.0000353. If successful, new peaks above $0.0000413 could be on the horizon, potentially trapping bearish traders.
How Will Chiliz (CHZ) Perform?
CHZ Coin recently breached its parallel channel support but has since returned to the channel, with the midline at $0.071 serving as a critical support level. Although the recovery is weak, the price is targeting resistance at $0.085. Surpassing this level could lead to a test of $0.0940, presenting a viable gain strategy for investors. Conversely, further excessive selling could push the coin to test the channel bottom at $0.0590, with $0.104 being a strong support region that needs to be reclaimed if the rise continues.
CEEK Coin’s Challenges
CEEK Coin has been the worst performer, with investor confidence in the metaverse sector waning. The coin tested the $0.035 base, a level discussed as a potential new all-time low. The decline has been steady, but if recovery begins, support levels at $0.047 and $0.050 could be quickly reclaimed. In a pessimistic scenario, a new all-time low price may be targeted.
Actionable Insights
• Monitor BTC stabilization at $61,800 for market direction.
• Watch for BONK Coin to hit $0.0000282 and $0.0000353 as potential targets.
• Observe CHZ Coin’s behavior around $0.085 for potential upward movement.
• Keep an eye on CEEK Coin recovery attempts above $0.047 and $0.050 for signs of investor confidence returning.
These actionable insights provide specific targets and levels to monitor, assisting investors in making informed decisions based on current market dynamics.