Discover the Best Altcoins to Watch This Weekend
The cryptocurrency market is buzzing with potential opportunities for investors who are closely monitoring price movements. As Bitcoin’s drop below $90,000 has put pressure on altcoins, some tokens are emerging as exciting options due to their unique market movements and growing interest. Below, we dive into three altcoins you need to watch this weekend, highlighting their potential trends and risks.
1. STRK: Poised for a Breakout
STRK token has climbed an impressive 66% in the past week after Anchorage Digital introduced Bitcoin staking on Starknet. This move has not only garnered strong investor attention but has also signaled growing demand for STRK.
The token is nearing a Golden Cross — a bullish indicator where short-term moving averages cross above long-term ones. If this pattern holds, STRK could break past the $0.252 resistance level and potentially climb toward $0.300. However, caution is still warranted as any profit-taking by investors might cause the token to drop back to $0.195 or even $0.136.
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2. SOON: At Risk of Further Drops
SOON token faces bearish pressure, trading at $0.88 following a sharp 67% drop. With an additional 15.21 million SOON tokens worth $13.4 million set for unlock this weekend, its supply surge might weigh heavily on market sentiment.
If the selling pressure continues, SOON could slide below $0.76 and further depreciate toward $0.47. Nonetheless, a rebound opportunity may arise if investors take advantage of the current low prices. Recovery targets include a push above $1.04 and possibly $1.39.
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3. WKC: Small Price, Big Potential
WKC, a rising memecoin, is making waves with its sustained community engagement. Currently trading at $0.000000000103, it boasts a market cap of $51 million and over 151,600 holders — clear signs of solid support.
The Squeeze Momentum Indicator shows growing bullish pressure, which could mean a volatility breakout is imminent. WKC might surpass its $0.000000000126 resistance and rally to $0.000000000151 if buyers maintain control. On the flip side, the token risks falling below $0.000000000099 support, which could erase its recent gains.
Stay ahead of the memecoin trend by exploring insights on trading platforms like Kraken.
Final Thoughts
The crypto market this weekend presents both opportunities and challenges. While STRK shows promise with its potential breakout, SOON and WKC are options for those willing to take calculated risks. Regardless of your crypto investments, remember to monitor the market closely and make decisions based on thorough research.
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