After Bitcoin’s decline, altcoin investors faced significant losses and are gradually recovering. The year 2024 has generally been positive for altcoins, yet substantial rallies similar to previous cycles have not occurred. Predictions for the upcoming days focus on specific altcoins like CHZ, LUNA, and FLOKI.
Chiliz (CHZ) Price Outlook
Bitcoin (BTC) 
$98,562 had risen to $99,000 but fell back to $98,500 at the time of this writing. For altcoins to regain risk appetite, BTC needs to maintain closing prices above $98,500. Although many cryptocurrencies have moved towards resistance levels, BTC is likely to provide signals regarding annual closing as time progresses.
Chiliz (CHZ) is expected to perform better in the first half of the year. With the excitement surrounding league finals and cup competitions, investor interest in fan tokens has increased, leading to anticipated growth for CHZ.
After testing the support level of $0.0853, the price now focuses on the range of $0.0985 to $0.1166 with BTC’s rise. Depending on BTC’s price, CHZ could test the upper end of this range in the coming days. If $0.131 is regained, the target of $0.1670 may come back into focus. Following the breach of the annual peak, targets may shift towards $0.30.
LUNA and FLOKI Coin Predictions
Terra (LUNA) has begun recovering from a low of $0.395, aiming for resistance at $0.469. If the uptrend continues, further movements could target resistances at $0.5483 and $0.693. However, long-term risks for LUNA Coin persist due to the conviction of its founder, Do Kwon.
Despite fluctuations, FLOKI Coin has managed to maintain support at $0.00010016 throughout the year. Sustained closures above $0.0001653 indicate a growing appetite for further upward movement.
FLOKI Coin is emulating Shiba Coin’s strategy of building its ecosystem through various initiatives. If market risk appetite increases in the coming months, we may see attempts to reach $0.0002608 alongside the rise of ecosystem tokens.
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.
