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COINTURK NEWS > Technical Analysis > Investors Monitor Bitcoin, Ethereum, and Altcoins for Price Movements
Technical Analysis

Investors Monitor Bitcoin, Ethereum, and Altcoins for Price Movements

In Brief

  • Bitcoin is trading at $69,330, and ETH is around $3,800.

  • CHZ is up 15%, attracting attention among altcoins.

  • Dogecoin's price remains stable despite Elon Musk's post about Kabosu.

COINTURK NEWS
COINTURK NEWS 2 years ago
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Bitcoin price is trading at $69,330 at the time of writing, and ETH is hovering around $3,800. On the relatively calm last Sunday of May for investors, CHZ is drawing attention. Among popular altcoins, CHZ is continuing the day with a 15% increase. So, what are the current price predictions for DOGE and Chiliz (CHZ) Coin?

Contents
Chiliz (CHZ) Price PredictionsDogecoin (DOGE)

Chiliz (CHZ) Price Predictions

In our last CHZ Coin assessment, we mentioned that a breakout at the $0.123 region could start a new ambitious upward movement. With the recent delayed network upgrade, CHZ Coin, which was late in responding to the BTC rally, is now making up for it. The good news is that if the price, which has managed to stay strong even when BTC weakened for a long time, repeats the same movements, it could attract buyers to target peaks above $0.2.

CHZ Coin wrote a different story in the sports blockchain field and almost monopolized this area. Many major (especially) football clubs partnered with Chiliz under the Socios umbrella. Chiliz launched its own network with the claim of being the blockchain of the sports world. The potential is great, the partners are strong, and Chiliz is ambitious. However, none of this means that speculative traders will definitely push the token price to new all-time highs.

The $0.14 level is an important breakout point, and we might see this level being broken today or tomorrow with a potential attempt. Then, new peaks above $0.163 will come to the agenda.

In the opposite scenario, there is a risk that the CHZ Coin price will return to the $0.123 and $0.114 regions if it closes below $0.132.

Dogecoin (DOGE)

Kabosu died, and Elon Musk made a post in his memory. Still, we did not see a massive movement in the DOGE price. The mischievous billionaire’s remembrance of the dog, which is the mascot of Dogecoin, confirms that he may not have come to hate crypto to a terrifying degree.

Still, Musk does not care about cryptocurrencies as much as he used to. Closing above $0.166 is positive, and if $0.177 can be turned into support, DOGE could head towards more impressive peaks. For now, the outlook is positive, and a positive fluctuation in Ethereum‘s price seems to be supportive here.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
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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COINTURK NEWS 26 May, 2024 - 2:01 pm 26 May, 2024 - 2:01 pm
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