CoinNess Report:
Socios has reported encouraging progress after establishing a partnership with Paris Saint-Germain (PSG). Despite the anticipated surge in the price of CHZ not yet materializing, any signs of market activity are welcomed by investors. Following the ongoing uncertainty in the cryptocurrency market, analysts are re-evaluating the coins CHZ, CEEK, and XRP.
What is the current situation of Chiliz (CHZ) coin?
Recent discussions have emphasized the importance of the $0.0596 support level, with many taking advantage of an entry point for CHZ coin. Currently, the altcoin is struggling to stay above the critical $0.07 mark after breaking through the midpoint of its trading channel. Price fluctuations triggered a quick sell-off around the $0.0831 threshold.
Can CEEK coin recover from recent losses?
Since experiencing a significant drop, CEEK coin has been hit hard after its surge in popularity on social media in 2021. A key selling point is now set at $0.03185, and recent activity has pushed the price down to a potential historical low of $0.0274. If the coin’s closing price falls below this mark, further decline may occur.
CHZ coin may retest the $0.083 level, with resistance at $0.0859.
In a worsening market condition, CEEK coin may potentially drop below the last all-time low of $0.0251.
XRP coin faces ongoing regulatory pressure and a gloomy outlook.
Currently trading at around $0.53, XRP coin is facing continuous regulatory challenges that may hinder its performance in the near future. Over the past 19 days, it has fluctuated between $0.55 and $0.519, with key support levels set between $0.50 and $0.435. Observers are also monitoring resistance points at $0.58 and $0.64 to gauge potential upward trends.