As the price of Bitcoin (BTC) $104,652 hovers around $103,530 and Ethereum (ETH)
$2,478 stands at $2,604, discussions persist regarding potential altcoin surges. Maintaining BTC at six-figure levels and ETH surpassing $2,700 are crucial markers. With curious investors pondering potential shifts for CHZ, FLOKI, and Dogecoin
$0.219176 by the end of May, expectations rise.
Chiliz (CHZ)
Socios dominates the fan token sector, yet interest in fan tokens has waned significantly. The ever-evolving trend contrasts sharply with the hype of 2021. However, fan tokens, when amalgamated with Metaverse and NFTs, form an intriguing combination.
CHZ Coin faces resistance, unable to close above $0.0508, reflecting its weakening state. The seasonal culmination of leagues and declining fan token interest rationalizes this downward trend. Nonetheless, maintaining closures above $0.0441 sustains its rebound potential. A subsequent resistance test could aim for a $0.064 target.
Amidst a broader altcoin resurgence, CHZ Coin could capitalize on the opportunity. The liquidity abundance may renew momentum in dormant altcoins, catalyzing their long-awaited moves.
Anticipating ETH surpassing $3,000 might similarly influence altcoins. For CHZ Coin, the upward goal stretches to $0.096 beyond $0.072.
FLOKI and DOGE Predictions
Floki Coin exhibited a 133% increase from its depths within 36 days, alleviating fears of detrimental market reactions. Qingling averted potential trade disasters through rapid agreements, reassuring the market.
FLOKI Coin needs closures above $0.0001137 to initiate a strong rally, currently priced just below. Achieving this may propel it beyond the monthly peak of $0.0001368 and offer a robust rally. Meanwhile, $0.0002073 could serve as a pivotal mark for future highs, amplifying entry opportunities provided by price supports.
After lingering around the $0.166 support, DOGE rebounded to the anticipated $0.24 threshold. If current support levels persist, $0.311 and $0.432 may be tested before May’s conclusion. This hinges on BTC maintaining six-figure statuses and ETH staying over $2,700.