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COINTURK NEWS > Technical Analysis > Get Ready for the Next Big Moves in Altcoins: SOL, DOGE, FLOKI, and CHZ Insights
Technical Analysis

Get Ready for the Next Big Moves in Altcoins: SOL, DOGE, FLOKI, and CHZ Insights

In Brief

  • Bitcoin is stable while altcoins show potential price movements.

  • SOL and DOGE maintain crucial support levels for potential upward growth.

  • FLOKI and CHZ are also positioned for recovery with positive market sentiment.

Fatih Uçar
Fatih Uçar 4 months ago
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Bitcoin (BTC) $107,516 hovers around the $105,000 mark, while altcoins remain relatively stable. As we approach another weekend, many are curious about the potential price movements of various altcoins in the coming days. Current forecasts are shedding light on what we can expect for SOL, DOGE, FLOKI, and CHZ Coins.

Contents
SOL and Dogecoin (DOGE) InsightsFLOKI and CHZ Coin Insights

SOL and Dogecoin (DOGE) Insights

With excitement surrounding Trump Coin, SOL Coin reached near $300, providing impressive profit opportunities for those who bought below $10. It is now rebounding from a support level of $228, while the $258 mark remains a significant threshold for a new all-time high. Closing above this region may pave the way for a true bull peak near $500.

In bullish markets, meme coins and AI tokens play a crucial role, with new cryptocurrencies rapidly emerging on the Solana $172 network. Despite many being short-lived, their presence supports price by increasing liquidity and user engagement. A strengthened market sentiment could create a multiplier effect for SOL Coin.

The support from Elon Musk in 2021 now feels distant, as the billionaire no longer emphasizes DOGE as before. Nevertheless, DOGE price remains notably strong, reclaiming the $0.33 support level. Buyers remain hopeful for a more significant upward phase, as maintaining the $0.38 support could set the stage for retesting the $0.44 target.

In the event of a downturn, $0.30 remains a critical support area, with $0.27 below it. As this article was prepared, BTC remained at $105,000, while ETH struggled below $3,300, continuing to demoralize altcoin traders.

FLOKI and CHZ Coin Insights

Similar to many other cryptocurrencies, FLOKI Coin has dropped to its floor support, reaching last year’s lows. After supporting the $0.00011454 level, FLOKI Coin now stabilizes just above it. In a potential upward scenario, targets of $0.000149 and $0.0001779 are expected to be tested.

To continue its journey in the bullish season, it must sustain the price region around $0.0002135. This could allow it to target the $0.0002913 resistance, aiming to eliminate another zero from its price.

CHZ Coin presents a straightforward scenario. After bouncing from the $0.072 support, it targets $0.0848, with a successful breakthrough possibly extending to $0.0916. The first two quarters of the year often yield positive results for CHZ Coin, and we will see when this trend commences.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 30 January, 2025 - 9:05 pm 30 January, 2025 - 9:05 pm
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