Cryptocurrency markets remain volatile heading into the weekend, with rapid price movements reshaping the short-term outlook across major altcoins. As investors react to broader market uncertainty, identifying assets at key technical levels becomes important.
BeInCrypto analyzed three altcoins that could reach a critical point heading into the weekend.
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Dogecoin (DOGE)
Dogecoin price has fallen 32% in the past two weeks, reaching $0.114 at the time of writing. Memecoin remains slightly above the $0.113 support level. The move reflects sustained selling pressure and weak short-term demand, marking a three-month low.
DOGE requires close monitoring due to its strong correlation with Bitcoin. The correlation coefficient is currently 0.92, indicating that the price movements are closely aligned. As a result, Dogecoin is likely to mirror Bitcoin’s direction. The outcome will largely depend on how global markets close on Friday.
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If the momentum turns bullish, Dogecoin could rebound towards $0.122 and $0.128. Clearing these levels will open the way to $0.142. However, if bearish pressure continues, DOGE could fall below $0.113. In that scenario, Memecoin could slide further towards $0.108.
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STABLE
STABLE’s price has increased 81% in the past two weeks and is trading around $0.0262 at the time of writing. With the strong rise, altcoins also hit a new all-time high of $0.0325. This rapid price increase reflects growing demand and speculative interest among short-term traders.
The altcoin’s consistent upward momentum is likely to continue into the weekend. STABLE remains about 24% below its all-time high, leaving room for further upside. Chaikin money flow remains in positive territory, indicating strong capital inflows. Sustained capital entry often supports continued movement during periods of high momentum.
A sudden change in investor sentiment creates downside risk. If the positioning reverses, STABLE price could come under pressure towards $0.0214. If the selling strengthens, the loss could widen to $0.0174. Such a move would invalidate the bullish theory and signal profit-taking after the recent rally.
Polygon (POL)
Polygon was the worst performing altcoin this week, with its price falling towards an all-time low of $0.0985. POL is currently less than 12% away from that level. Continued selling pressure and weak demand have increased downside risks, making investors cautious as prices approach critical territory.
It hit an all-time low on the first day of this year, but has since rebounded sharply by 76%. That rise proved unsustainable. POL has since fallen 37%, settling at around $0.111 at the time of writing. Sustaining above $0.110 will provide limited relief but will not confirm a trend reversal.
A recovery is still possible if investor support suddenly increases. If POL attracts new demand, a rebound could occur. If the price regains $0.138, the bearish theory will be invalidated. Such a move would signal renewed confidence and put Polygon back on track for recovery after weeks of weakness.
