What Will CHZ, CEEK, XRP, AVAX Do in September?
The cryptocurrency market has been experiencing major volatility recently, and investors are worried about the future of altcoins. There are question marks about the future of popular altcoins, especially CHZ, CEEK, XRP, and AVAX. In this article, we will discuss the price predictions and possible scenarios of these four altcoins.
Chile (CHZ)
Chiliz (CHZ) recently rose to $0.053 but has retreated amid the BTC price decline. At press time, it is trading at $0.0518 and could retest the $0.0472 base. The apparent lack of appetite in the altcoin market is consistent with its historical performance in September and reflects concerns of a deeper decline.
CEEK Coin
CEEK Coin reached $0.03040 in its latest attempt to rise but faces continued selling pressure at higher levels. Investors who evaluate short-term bottoms see such upward movements of up to 10% as selling opportunities. We can observe that CEEK Coin has exhibited such movements many times in the past.
XRP Coin
XRP Coin failed in its attempt at $0.64 in September and, like other cryptocurrencies, turned every upward attempt into a selling opportunity. Despite the ongoing lawsuit with the SEC and other positive news, the general market sentiment is negative. A new attempt may come to the $0.5 level and XRP Coin may test $0.48 below it. In the possible major decline that the BTC price will experience, $0.4 seems to be the strongest support.
AVAX Coin
AVAX, which had raised hopes with two important news last month, could not meet expectations and continues to create lower peaks. The altcoin, which made its last peak at $ 28 after peaks of $ 41 and $ 33, may now move towards a deeper decline from the peak of $ 24.6. In a possible decline, targets of $ 20.7 and $ 17.35 may come to the agenda. If BTC makes a new test of $ 53,000, this may push AVAX investors to panic sales.
As a result, the future of altcoins such as CHZ, CEEK, XRP, and AVAX is uncertain. The decline in BTC and the negative general market sentiment are also negatively affecting the prices of these altcoins. Investors should be careful about the future of these altcoins and make investment decisions based on their own research.