With the market seemingly changing its stance from bullish to bearish, the question arises whether the recent rally in altcoins can survive. While some altcoins may rely on external developments, others are still following BTC’s cues.
Therefore, BeInCrypto analyzed three such altcoins that could surprise investors over the weekend.
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Chili’s (CHZ)
It looks like Chiliz could be in for a bullish weekend after announcing its Chiliz 2030 vision. The long-term roadmap focuses on scaling sports blockchain and increasing real-world adoption. This strategic update has improved sentiment towards CHZ, putting the altcoin in a favorable position as investors assess the network’s future growth prospects.
While this announcement alone may not be able to trigger a full recovery, interest may be maintained following CHZ’s 30% weekly rally. CHZ is trading at $0.057 and could consolidate near current levels. Sustaining above $0.053 would indicate stability and suggest that buyers remain engaged through the weekend despite limited immediate catalysts.
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Downside risks remain as momentum indicators signal caution. The Money Flow Index shows overbought conditions, suggesting that buying pressure may be saturated. If there is profit-taking, CHZ could fall below $0.053. A further pullback towards $0.050 would invalidate the neutral outlook and confirm near-term bearish pressure.
dash (dash)
DASH has emerged as one of this week’s top performers, surging 114% in just seven days. The altcoin is currently trading near $80 on the back of aggressive buying momentum. Despite the strong rally, DASH remains 24.8% below the $100 milestone, and traders are waiting to see if the upside strength continues.
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The recent DASH price hike follows increased merchant adoption, highlighted by the onboarding of Alchemy Pay to the network. However, momentum indicators are becoming more cautious. Chaikin Money Flow is showing a bearish divergence, with CMF weakening while prices are moving higher. This suggests that capital outflows are increasing during an uptrend, and downside risk is increasing.
If selling pressure accelerates, DASH could lose support at $74 and fall towards $63 in the short term. Such a move would support a correction phase. Conversely, new capital inflows may stabilize price fluctuations. If demand continues, DASH could grow its profits and challenge the $100 level next week.
Polygon (POL)
Another altcoin to watch this weekend is POL. POL has had a volatile performance in January, rising 46% last week as bullish sentiment prevailed in early trading. That momentum quickly disappeared. Increased market uncertainty has led to sharp price movements, with POL falling 15.6% this week.
The sudden reversal highlights the fragility of confidence and highlights how quickly speculative demand can unwind.
Recent trading has significantly weakened capital flows, making POL one of the first altcoins to fall out of favor with investors. Chaikin Money Flow shows that inflows have completely dried up. If the outflow is suppressed, downward pressure may increase. In this situation, POL price risks sliding towards the $0.138 support zone.
A bullish reversal remains possible if market-wide sentiment improves. The new accumulation could allow POL to reclaim $0.155 as support. Maintaining this level will likely restore confidence in the short term. With continued buying, POL could extend its recovery move towards $0.183, negating the current bearish outlook.
