Chiliz

Bitcoin

when

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-faces-new-price-challenges-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces New Price Challenges</a><br></p>
<p style="text-align: justify">Bitcoin (BTC) has once again experienced a downturn, now searching for a new low below $60,000. The rapid recovery from $49,000 failed to generate the anticipated demand at higher levels. Although the price surged quickly, <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> took the opportunity to sell when BTC crossed the $60,000 mark. This situation begs the question: what’s happening with altcoins?</p>
<h2 id="how-is-xrp-coin-performing">How is XRP Coin Performing?</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/exploring-the-challenges-and-market-dynamics-of-xrp-coin" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> Coin’s legal battle is leaning in its favor, but BTC’s declining price keeps XRP hovering around $0.56. Despite this being a relatively high level, the court success has had a positive impact. Should XRP maintain the $0.54 support and reclaim the parallel channel at $0.579, its price could fluctuate between $0.73 and $0.94, depending on BTC’s performance.</p>
<h2 id="will-ceek-coin-recover">Will CEEK Coin Recover?</h2>
<p style="text-align: justify">CEEK Coin recently hit a new all-time low at $0.025, attributed to the overall market downturn. Currently, it struggles to hold $0.029 as a support level. The general lack of interest in Metaverse altcoins and CEEK’s prolonged underperformance further complicate its recovery. For a noticeable rise, CEEK must turn $0.034 into support. However, if BTC doesn’t regain strength, further declines are likely.</p>
<h2 id="chiliz-chz-coin-s-potential">Chiliz (CHZ) Coin’s Potential</h2>
<p style="text-align: justify">CHZ Coin dipped to $0.043, a level unseen even during harsh bear markets, which drew buyers and formed a long lower wick. With sports leagues starting, fan tokens may see increased activity. If BTC remains stable, CHZ could climb to around $0.07 by reclaiming the $0.0591 support. A further rally could be initiated if it closes above $0.0953, making the $0.3 target conceivable.</p>
<h2 id="avax-price-outlook">AVAX Price Outlook</h2>
<p style="text-align: justify">AVAX has the potential to dip to $18.5 if it falls below $19.4, and has already shown signs of further decline. Although it has reclaimed $20 for now, high inflation and weak market sentiment challenge the bulls. To sustain its rise, AVAX needs to close above $24.8, potentially targeting $33 and $42. Conversely, deeper sales could push it to $13.2.</p>
<h2 id="key-takeaways">Key Takeaways</h2>
<p style="text-align: justify">– XRP’s price hinges on legal outcomes and BTC’s stability.<br> – CEEK needs to secure $0.034 support for potential growth.<br> – CHZ could benefit from sports league activities and fan token interest.<br> – AVAX requires strong market sentiment to break above $24.8 and aim higher targets.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-faces-new-price-challenges-2" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Faces New Price Challenges</a></h5>

Bitcoin Faces New Price Challenges

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