While fluctuations continue in the cryptocurrency market, major assets such as Bitcoin (BTC) and Ethereum (ETH) continue to play a decisive role in determining investors' direction. In particular, declines in BTC can create attractive opportunities for many investors. On the other hand, altcoins such as Chiliz (CHZ), LUNA and PEPE Coin also exhibit remarkable movements in technical analysis. The possible future levels of these altcoins, which have been under the influence of the bear market for a long time, are being followed with curiosity by investors.
Chiliz (CHZ) Technical Review$CHZ
Chiliz (CHZ) recently traded as low as $0.0955, and if it stays below that level, it could see further declines to $0.0861. CHZ has been trading between significant resistance and support levels for a while now, but it is yet to enter a sustained uptrend. However, continued consolidation at strong levels by BTC and ETH could increase CHZ’s potential to break above the major resistance of $0.168 and rally towards $0.3.
Status of LUNA Coin$LUNA
LUNA Coin could not achieve permanent success at the resistance point it tested at $ 0.809. LUNA, which still has not overcome the effects of the great crash in 2022, is having difficulty regaining investor confidence. The emergence of new projects in the sector during this period has further increased competition. According to technical analysis, LUNA is likely to make new lows at $ 0.4713 and $ 0.3586.
PEPE Coin Performance$PEPE
PEPE Coin has shown a downtrend after losing the $0.00002202 support. Currently, new lows can be seen in the $0.00002050 and $0.00001736 range. However, Ethereum's price movements are of great importance in this process. If ETH manages to break the resistance level above $4,100, PEPE Coin is also likely to rise again. In this case, the $0.00002678 level can be expected to be tested.
Market-wide uncertainties and macroeconomic factors require investors to be cautious. In particular, the announcements to be made by the US Federal Reserve (Fed) and the critical levels of BTC and ETH can significantly shape the altcoin market.