The cryptocurrency market continues to captivate traders and investors alike, even during quieter periods. While Bitcoin remains locked in a range, the weekend is primed for movement in some altcoins that have been showing intriguing setups. If you’re looking to maximize your crypto awareness, here are three standout altcoins to track this weekend and why they might be worth your attention.
1. Balancer (BAL): A Sentiment Rebound in Sight
Balancer (BAL) has faced significant challenges in recent weeks, particularly after its November exploit that led to a 47% drop in value. However, with the Balancer team recovering nearly $8 million in funds and planning new compensation frameworks, positive sentiment around the token is beginning to rebuild.
From a technical standpoint, BAL is trading within a bullish falling wedge pattern. Support at $0.62 has held firm, offering a base for recovery. Traders are eyeing key levels at $0.73 and $0.84, with a breakout potentially reaching $0.99 if momentum continues. Additionally, shrinking bearish pressure, as indicated by the Bull Bear Power indicator, suggests that a sentiment rebound could propel the token over the weekend.
Explore Balancer’s latest developments and see its potential as a weekend mover.
2. Zcash (ZEC): Can Its Uptrend Persist?
Zcash (ZEC) has been a hot topic among traders for its remarkable 1000% gains over three months. Despite a recent pullback of 25%, its underlying trend remains strong, thanks to bullish signals like hidden divergence on the RSI (Relative Strength Index). Hidden divergence indicates the continuation of strong price momentum, even amidst corrections.
To sustain its uptrend, ZEC must reclaim $582 – the key resistance level that has been blocking its progress. If successful, it could aim for $743 as the next major barrier. However, failure to hold above $440, a crucial support line, could weaken its bullish outlook. For traders looking for a technical setup with potential, Zcash remains a solid contender this weekend.
Looking to dive into Zcash? Discover trusted platforms for trading ZEC here.
3. Pi Coin (PI): Defying the Market Trend
Pi Coin (PI) has shown incredible resilience in a weak market. Over the past month, while Bitcoin and Ethereum have dropped 19% and 24%, respectively, Pi Coin has only shed 7%. Its modest loss and recent 12% rally over the last seven days have made it a standout performer.
What’s more, Pi Coin could be nearing a bullish crossover, as its 20-day EMA approaches its 50-day EMA. Historically, such crossovers signal rising momentum, which could push Pi Coin to revisit its November high of $0.295. While support at $0.252 remains vital, traders will be watching closely for moves that could solidify its breakout potential.
Interested in staying ahead with coins like Pi? Check out the latest market trends here.
Your Weekend Market Strategy
As Bitcoin remains steady, altcoins like Balancer, Zcash, and Pi Coin could offer exciting opportunities for both traders and enthusiasts looking to take advantage of potential market movements. Dive into the technicals, monitor support and resistance levels, and always conduct thorough research before making financial decisions.
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