Beincrypto identified three altcoins that could watch this weekend to explore the leadership they could take in the coming days.
1 -Pal network (1inch): Finally an increase?
The price of 1 inch should most likely increase in the next two days, while the protocol will undergo a significant upgrade. The 1IP-78 update will introduce key improvements to increase the acceptance and use of the 1 inch protocol. This upgrade could be a key catalyst for short -term positive price movement.
Although 6 % down in the last 24 hours, 1 inches still show signs of recovery. Ichimoku cloud refers to the persistent upward dynamics that could help move the price above its key level of $ 0.2092. This level will be decisive for price management.
If negative market conditions persist, 1 inches could take as the rest of the new loss on the market. A drop below $ 0.2092 could send altcoin to $ 0.1886 or even lower to $ 0.1793. The decline at these levels would invalidate ascending perspective and could lead to a prolonged trend down by 1 inches.
Hyperliquide (Hype) for a new record?
Hype this week was one of the most effective chips, with an increase in price by 8 %. This strong dynamics should continue at the weekend and potentially push the price over $ 36.47. If this trend is maintained, the hyperliquid token could experience a new increase, making it a token carefully monitor.
The Chaikin Money Flow (CMF) indicator shows that despite some trips it remains above the zero line. This suggests that there is still a purchase pressure on the market. All this could therefore bring the hype of its historical summit (ATH) nearly $ 40 according to Coinmarketcap. The room is currently less than 20 % of this level.
If the trips of recent days were intensified due to the feeling of a negative market, the hype could experience a decline.
A drop below the support levels of $ 31.26 would indicate another weakness, which may lead to a decrease of $ 27.31. Such a scenario would invalidate the current perspective up and tilted the market feeling towards the reduction.
As far as (qnt) as an alternative on the Altcoins side
QNT was doing well this week and shows strong strong signals similar to those seen on the hype. Exponential mobile averages (EMAS) have recently created a golden cross. This scheme indicates permanent dynamics upwards, indicating that QNT can experience a new price increase in the short term. Especially because the room was resistant to quite well.
Ascending dynamics could help QNT bounce back to its $ 110 support level, with a potential increase to $ 121. If the price exceeds this resistance, the path to move towards $ 126 would open. This positive price action suggests that QNT is likely to maintain its ascending trend for now.
However, if the price does not exceed $ 121, the token could continue to consolidate at this level. Finally, if the $ 110 support is lost, Altcoin could undergo a sharp decline of up to $ 101, which has involved the current upper perspective and signaled the transition to lower market conditions.
Morality of History: Altcoins always find a way to talk about it.
Notification of irresponsibility
Notice of irresponsibility: In accordance with the Trust project Directives, this article for price analysis is intended only for information purposes and must not be considered financial or investment advice. Beincrypto undertakes to provide accurate and impartial information, but market conditions may change without prior notice. Always carry out your own research before making any financial decision and consult a professional.