Will it Continue Advancing Upward & Reach Upper Levels?

CEEK VR is a company that develops and distributes Virtual Reality experiences using its own hardware and software. It offers various channels of VR content through the CEEK Virtual Reality Platform and its patented headsets.

CEEK enables entertainers to reach a global audience by selling digital tickets and merchandise for VR-based events. CEEK allows artists to use Celebrity Coin Mint, where they can create unique custom tokens as event tickets.

The CEEK token is an Ethereum-based ERC20 token that serves as an incentive layer where users can earn tokens by creating Celebrity Coins, making digital merchandise and making curated “CEEKER demand” lists.

The CEEK CMP is $0.04805 with an intraday gain of 2.92%. Furthermore, CEEK crypto optimized by 2.91% in market value while trading value declined by 9.56% in the past 24 hours, per Coinmarketcap which is a crypto data and info website. Its market capitalization is $38,724,938 and its trading volume is $3,076,134. There are 805,717779 CEEK in circulation.

CEEK VR Price (CEEK) Evaluation

CEEK price rose from a strong demand zone at $0.070 and reached a new high of $0.140 by February 23rd, which is a 103% increase in a month. Then, the CEEK price dropped 75% in the next nine months and stayed in a range. However, it plunged due to profit-booking and returned to the demand zone.

The CEEK crypto has shown a sign of recovery as the price bounced back from the key level of around $0.033 where it found support. Also, It formed a falling wedge, which suggests that the crypto price has room to run higher if more buyers join in.

It seems like the CEEK crypto might be ready for another remarkable rise, as it gathers strength by taking a halt in its current bull run to break through the resistance level and reach new heights.

Therefore, if buyers sustain the pressure, CEEK price might surge from the current level. The possible target is $0.060. On the contrary, if CEEK fails to hold its grip and breaches the $0.030 level, it may fall further.

CEEK is trading above the 20, 50, and 100-day exponential moving averages, which are supporting the price momentum. but it is below 200-day EMA.

However, if more buyers join in, then the bullish momentum might produce higher highs and new highs and surpass 200-day EMA as well. Therefore, the CEEK price is expected to move upwards, giving a bullish outlook over the daily time frame chart.

The RSI value is 52.09 points, which shows that the CEEK crypto is bullish. The 14 SMA is above the median line at 53.82 points. The RSI curve took a U-turn and is approaching the 14-SMA to cut from below, which also confirms the bullish trend.

Summary

CEEK VR indicates that the traders and investors of the crypto price are bullish on chart. The price action of CEEK crypto also highlights bullishness, as buyers seem to be harnessing strength to display a massive surge. Moreover, technical tools such as EMAs and the RSI are showing bullish gestures as well.

Technical Levels

Support Levels: $0.030

Resistance Levels: $0.060

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.