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Investors Focus on Altcoins as BTC Price Rises

Release: 2024/07/02 10:02 Reading: 205

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/66835346e71305085e402dd6

Investors Focus on Altcoins as BTC Price Rises

Altcoins Attract Investor Attention Amid BTC Surge

As Bitcoin (BTC) regains momentum, investors are shifting their focus to altcoins.

Chiliz (CHZ)

CHZ has broken out of its parallel channel and is poised for further gains. Potential targets include $0.0853 and $0.092. However, failure to reclaim $0.08 could lead to a retracement to the lower support level.

PEPE Coin

PEPE Coin has rebounded from $0.0000112 and is targeting $0.0000124 to $0.0000130. A continuation of the upward trend requires increased buyer activity. Conversely, a decline could result in a drop to $0.00000896.

CEEK Coin

CEEK Coin remains below the $0.0395 level, indicating a potential for further losses. Given its extended consolidation, this lack of momentum is not surprising.

FLOKI

FLOKI has recovered from $0.000162 and is exhibiting positive momentum. Potential targets include $0.0001839 and a possible new all-time high.

Considerations

While DOGE and SHIB show relative stability, FLOKI's volatility suggests that BTC's potential move towards $70,000 could influence short-term performance.

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