Bitcoin is now priced at $69,370, while Ethereum remains above $3,700. The recent approval of VanEck’s Bitcoin Futures ETF by the SEC has improved market sentiment and boosted investor confidence. This article examines what the positive news might mean for Solana (SOL), Chiliz (CHZ), and CEEK Coin.

Solana (SOL)

Solana is currently priced at $169. Though altcoins generally show positive trends, Solana's recent increase wasn't sustained, and its price dipped below $180 due to Bitcoin's decline. However, Ethereum's robust performance provides some optimism. If Ethereum starts another upward trend, it could encourage more capital to flow from Bitcoin to other altcoins. After a significant 31% rise in just five days, Solana's price dropped by more than 20% equally quickly. If Bitcoin stabilizes and supports altcoins, Solana might aim for $188. A close above this level could push it toward resistance at $205 and beyond.

Chiliz (CHZ) Coin Analysis

Chiliz tested the $0.11 support multiple times, with attempts to climb to $0.128. Currently, Chiliz is priced at $0.119, showing a 1.5% daily increase. Despite past upward trends, the delay in network upgrades and impatient investors exiting have weakened Chiliz. If the trend reverses upwards, Chiliz could target $0.162 in the mid-term. However, if it loses support, the next targets could be $0.103, $0.092, and ultimately the channel resistance at $0.085.

CEEK Coin Predictions

CEEK Coin has seen almost no change, remaining stagnant for about 41 days. Despite various developments, it hasn't attracted many buyers. The lack of interest in metaverse altcoins, sudden Bitcoin price fluctuations, and previous investor disappointment contribute to this stagnation. Speculative movements might occur if CEEK Coin closes above $0.059 and breaks $0.066.

Conclusion

The SEC's approval of VanEck's Bitcoin Futures ETF has brought a positive outlook to the market, especially for Bitcoin and Ethereum. This optimism could spill over to altcoins like Solana, Chiliz, and CEEK Coin, although each faces unique challenges and opportunities. Investors should watch these developments closely, as the market dynamics can change rapidly.