Bitkuai.com reports:
Bitcoin (BTC) is breaking through the $68,000 threshold, prompting a positive shift in the altcoin market. Some altcoins have reported gains of over 2%, indicating a possible reversal in the trend. Traders are encouraged to surpass the recent stagnation, as historical patterns suggest a potential uptrend is imminent.
What is the current situation of Chiliz (CHZ)?
Chiliz (CHZ) is currently priced at $0.0677 and is under review. Although it has lost its position in the middle of the trading channel, it has not fallen back to the support level of $0.0593. In order 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 stable above $0.00000469 and remains optimistic for further gains. With the belief that a bull market is imminent, a closing price above $0.00001124 could result in a significant increase of nearly 50% to a peak of $0.00001726. The overall sentiment in the market seems to be shifting positively.
Bitcoin’s performance is crucial for the recovery of altcoins.
Chiliz needs to close above $0.07 to regain its upward momentum.
If PEPE Coin surpasses $0.00001124, it may experience substantial 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. In order 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 could be driven by political developments and may trigger significant volatility in Shiba and other altcoins. Market participants are closely watching these developments, looking for signs of a broader recovery.