CoinDesk Report:
Bitcoin (BTC) is making significant strides towards breaking the $68,000 threshold, prompting positive changes in the altcoin market. Some altcoins have reported gains of over 2%, indicating a potential reversal in the trend. Encouraging traders to surpass the recent stagnation, as historical patterns suggest a potential uptrend may be imminent.
What is the current status of Chiliz (CHZ)?
Chiliz (CHZ) is currently priced at $0.0677, and it has been under scrutiny. Despite losing its position in the middle of the trading channel, it has not fallen back to the support level of $0.0593. To regain momentum, CHZ needs to close above $0.07 to challenge the resistance level of $0.0851.
Can PEPE Coin maintain its upward trend?
PEPE Coin is holding steady above $0.00000469, with an optimistic outlook for further gains. With the belief that a bull market is imminent, a closing price above $0.00001124 could see a substantial increase of nearly 50% to reach a peak of $0.00001726. The overall sentiment in the market appears to be shifting positively.
Bitcoin’s performance is crucial for the recovery of altcoins.
Chiliz needs to close above $0.07 to regain upward momentum.
If PEPE Coin surpasses $0.00001124, it may experience significant growth.
CEEK Coin shows a lack of long-term momentum but speculative activity may occur.
The performance of Shiba Coin depends on testing the level of $0.00002071. To avoid further decline, it must reclaim the middle channel at a price of $0.0000255. The rise in the price of Bitcoin to $70,000 may be driven by political developments, which could trigger significant volatility in Shiba and other altcoins. Market participants are closely monitoring these developments, looking for signs of a broader recovery.
