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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-eyes-58000-altcoins-show-resilience" data-wpel-link="internal">Bitcoin Eyes $58,000, Altcoins Show Resilience</a><br></p>
<p style="text-align: justify">Bitcoin is once again setting its sights on the $58,000 mark, and its recent recovery has positively influenced several altcoins, including <a href="https://en.bitcoinhaber.net/crypto-recovery-trends-as-ftx-addresses-debts-and-solana-stabilizes" data-wpel-link="internal">Solana</a> (SOL), Chiliz (CHZ), and CEEK Coin. This positive momentum raises questions about the future performance of these altcoins as Bitcoin nears the $60,000 threshold.</p> 
<h2 id="solana-s-recent-movements">Solana’s Recent Movements</h2> 
<p style="text-align: justify">In 2021, Solana’s network had a total value locked (TVL) of $10 billion, but it plummeted to $260 million following the FTX collapse. As the price rebounded from $8.5, the TVL rose to over $5.6 billion before stabilizing around $4.8 billion. Despite the volume drop to $400 million in August, it has been hovering above $700 million recently, although it remains weak compared to the last rise period. If SOL can maintain above $138, prices might return to the $150-$162 range. If not, prices could dip as low as $110, especially since BTC has yet to reclaim $60,000.</p> 
<h2 id="chiliz-potential-for-recovery">Chiliz: Potential for Recovery?</h2> 
<p style="text-align: justify">Chiliz (CHZ) has been trying to turn $0.0516 into support after hitting a low of $0.0467. The price experienced a 67% decline over a 104-day period. Investor optimism between March and June was quashed by BTC’s volatility, leading to accelerated losses. For CHZ to revisit the $0.1 levels, it needs to reclaim the parallel channel support at $0.0593. If successful, $0.07 and $0.0853 could be within reach.</p> 
<h2 id="ceek-coin-struggles">CEEK Coin Struggles</h2> 
<p style="text-align: justify">CEEK Coin saw a significant drop in interest following <a href="https://newslinker.co" target="_blank" rel="noopener nofollow" data-wpel-link="exclude">the announcement</a> that metaverse lands would be sold using stablecoins instead of CEEK Coin. This led to a massive sell-off and further losses as interest in the metaverse waned. The altcoin, currently at its all-time low, could stage a comeback if it reclaims $0.0398 convincingly. Otherwise, it risks hitting new lows.</p> 
<h2 id="key-takeaways">Key Takeaways</h2> 
<p style="text-align: justify">– Solana’s TVL dropped significantly after the FTX collapse but has shown signs of recovery.<br> – Chiliz needs to reclaim specific support levels to return to previous highs.<br> – CEEK Coin faces challenges due to decreased metaverse interest and stablecoin adoption for land sales.</p> 
<p style="text-align: justify">While Bitcoin’s journey towards $58,000 has positively impacted several altcoins, the ultimate performance of SOL, CHZ, and CEEK will depend on their ability to maintain critical support levels and overcome <a href="https://finance.coin-turk.com/" rel="nofollow noopener" target="_blank" data-wpel-link="exclude">market</a> volatility. Investors should keep a close eye on these developments as they unfold.</p> 
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-eyes-58000-altcoins-show-resilience" data-wpel-link="internal">Bitcoin Eyes $58,000, Altcoins Show Resilience</a></h5>

Bitcoin Eyes $58,000, Altcoins Show Resilience

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