Analysis of Top Altcoins: Solana, Dogecoin, and Chiliz Price Movements

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SOL, DOGE, and CHZ are running on different tracks but are among the altcoins with the highest number of investors. While SOL Coin and CHZ have managed to positively diverge from the market for a while, DOGE has not been able to do so. On the other hand, since BTC seems willing to consolidate above $50,000, it is possible to see more movement in altcoins overall. So, what dollar targets will they aim for in the event of a potential rise or fall wave?

Solana (SOL) Chart Analysis

According to DefiLlama data, the total locked value in the Solana network is at the level of $1.93 billion. The ongoing rise of SOL Coin for months has significantly increased activities on the network. Thus, the TVL, which had dropped to the level of $210 million, has almost increased by 9 times. Solana (SOL), which has come back from the brink of death, faced a tough test after the FTX collapse that shook the markets in 2022. It was among the so-called Samcoins and was at the forefront of the ecosystems supported by SBF.

Turning back to the price, we see rejections from the key level we previously highlighted. The price has now turned the rising support trend line coming from December into resistance. If it wants to return to the days of rapid rallies with ETF excitement, bulls will need to reclaim the $117-119 range and make daily closes above it.

In an optimistic scenario, after this move, it could reach levels of $144 and $176. For the long-term downtrend to end and to target the ATH level, the conversion of $144 into support is of key importance.

DOGE Chart Analysis

The outlook for Dogecoin (DOGE) has not changed since the last update. We had said that miner sales could weaken as they now reach the bottom reserves. However, the DOGE price has not been able to surpass $0.0877 despite numerous attempts. After breaking below the parallel channel support on January 3, the price failed to close above resistance in 5 attempts.

Support levels are found at $0.082 and $0.077.

CHZ Coin Price Prediction

The key areas we previously mentioned are still relevant, and as long as the price stays above $0.111, there is potential to overcome the $0.12 barrier and continue moving to $0.14. CHZ Coin price convinced investors that the recovery had clearly started after the movement initiated last January, following a period of decline.