Bitcoin Price Hovers Near $58,000 as Altcoins Start to Recover

Bitcoin Hovers Near $58,000 as Altcoins Rebound

Bitcoin's price remains steady around $58,000, while altcoins have begun to recover. Investors anticipate that Bitcoin's recent surge could herald the start of new uptrends. Therefore, it is crucial to monitor key levels for PEPE, LUNC, and CHZ Coin.

PEPE Coin Analysis

PEPE Coin, a popular meme coin, has bounced back after dipping to $0.00000767 support. Currently, it trades above $0.00000888 support. Maintaining higher support levels correlates with Bitcoin's price recovery. However, for a reversal to occur, PEPE Coin must surpass resistance at $0.0000105. Success could lead to a new attempt at $0.0000133, its pre-ATH high.

LUNC Coin Prediction

LUNC Coin had been experiencing declining interest and significant dips. After reaching $0.000058, it now attempts to hold $0.0000661 support. If this level holds, upward attempts towards $0.0000800 are possible. However, Terra and Terra Classic face declining expectations. Besides speculative gains, these networks lack long-term appeal amidst increasing competition.

Chiliz (CHZ) Projections

CHZ Coin, formerly the largest fan token ecosystem, has diverged positively in the crypto market. However, its decline has persisted for months, exacerbated by Bitcoin's price losses. The altcoin has reached the parallel channel base at $0.059 and is poised to reclaim the middle ground. As mentioned previously, it may attempt to regain $0.072.

If the middle ground holds, CHZ Coin is likely to target $0.0853. The primary target above resistance remains $0.106, where the uptrend previously gained momentum.