Bitcoin Surge Sparks New Hopes for Altcoins: CHZ, ADA, and FLOKI Set for Action!

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Bitcoin price has surpassed $98,400, and if it maintains this level, altcoins may start to show significant movements. However, after numerous failed attempts and weeks of negativity, sentiment among traders appears subdued. What are the current forecasts for CHZ, FLOKI, and ADA Coin?

Chiliz (CHZ) Outlook

Historically, CHZ Coin tends to perform better in the first two quarters of the year. One reason for this is the increased activity surrounding league preparations and fan tokens. Based on past experiences, there is an expectation that a new peak attempt will occur near $0.30 before the end of June.

Of course, historical data isn’t guaranteed to repeat itself, but if it does, it wouldn’t be surprising. The price tested $0.053 as support, and if BTC’s rise benefits altcoins this time, we could see a new test at the mid-range of the channel at $0.072.

Following this, targets will be set between $0.084 and $0.0953, and if surpassed, bulls will aim to push the peak at $0.143 higher. As we eagerly await developments, we have already reached the halfway mark of the first quarter. Last year, we saw a delayed start of ETF-related rallies during this period, so we hope for a similar process.

Cardano (ADA) and FLOKI Coin

With ADA Coin preparing to surpass $0.83, it has been performing well relative to market averages lately. In an environment where $0.936 has regained support, we could see movements reminiscent of bull days. Hopes for accelerated network development and ETF applications fuel optimism.

If a real peak is to occur before the first quarter ends, the $1.06 level must be maintained as solid support. Targets above $2 may then come into play, especially since ADA Coin is among the leading altcoins likely to attract new investors.

FLOKI Coin is one of the largest meme coins, but the crypto community has recently reacted skeptically towards meme coins. Bitcoin maximalists, who criticized dog coins in 2021, have been having nightmares after millions of tokens were minted on the Solana network in recent months.

The price tested $0.00008572 as a bottom support and is now striving to reclaim $0.0001132. Once anger subsides, it could achieve this, aiming next for the resistance level at $0.000157.

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