The current price of Bitcoin (BTC) $106,114 remains below $105,000. The threshold of $106,800 has not been reclaimed, signaling a negative outlook. In the geopolitical arena, China’s lack of aggression suggests it anticipates reaching an agreement with Trump. However, June promises increased debates and volatility in both directions. What lies ahead for Solana $161 (SOL), Chiliz ( CHZ ), and CEEK Coin?
Solana (SOL) Insights
Among the altcoins likely to witness positive movement in November is SOL Coin. Though we are still in June, November is rapidly approaching, much closer now than January. Time is fleeting, and decisions regarding Ethereum (ETH) $2,633 are expected by November. Already being the third cryptocurrency after BTC and ETH to have CME options launched, SOL Coin is strongly positioned to possibly receive spot ETF approval.
This event could significantly increase institutional demand due to the high risk-reward ratio for institutional investors and the potential in the layer1 space. Currently, SOL Coin is above the crucial range of $142 to $148, but immediate optimism is unwarranted unless $158 flips into support. In high volatility, surpassing $178 with volume and closing above $188 could pave the way to $203. Conversely, targets of $123 and $102 may emerge if it drops below $142.
Chiliz (CHZ): Momentum Challenges
Even as the market surges, CHZ Coin continues to lack momentum. While investors attempted to capitalize on the US elections, CHZ Coin lost $0.06 and has long struggled to breach the $0.0501 peak.
A positive scenario would see the reclaiming of this area and $0.072 captured. As we advance into the last quarter, activity in fan tokens has picked up, reversing seasonal weakness. Although June offers little hope, the general FOMO expected in November could propel CHZ Coin to approach its cycle target of $0.3.
CEEK Coin: Navigating the Crisis
Understanding the motivation of those retaining CEEK Coin is challenging. With the faded Metaverse hype and the onset of bear markets, the decision to sell local tokens for stablecoins suggests a lack of confidence in the project. Significant investor desertion in reaction, alongside substantial liquidity loss in even major players like SAND and MANA, makes survival tough for CEEK Coin. The resilience has faltered.
For nearly three years, we have foreseen persistent All-Time Low (ATL) levels. In merely 448 days, the price has dropped by 90%. Although short-term speculative surges induced by FOMO offer trial opportunities for this altcoin , it remains a long-term high-risk venture. More viable options for speculative moves now dominate the market.
For CEEK Coin, expectations this month lean towards sub-$0.01 ATL levels. Potential speculative upswings might see sales initiating around $0.01782.
