The third quarter of this year and the first week of July began with considerable volatility. Some crypto tokens recorded rapid profits, while others suffered losses. However, it is expected that some altcoins will undergo positive changes over the weekend.
Beincrypto has analyzed three Altcoins investors can watch this weekend for network development.
Jupiter (jup)
JUP had a positive week, up 12.4% over the past seven days and is currently trading at $0.442. Altcoin has been integrated between $0.471 and $0.424, indicating that it may be ready for a breakout.
The parabolic SAR indicator is located under the candlestick, indicating a potential uptrend for JUP. This technical pattern suggests that purchasing pressure could increase, which could lead to higher AltCoin. Additionally, the launch of Jupiter Studio, which allows communities to create tokens, could further increase the demand for JUP.
With the Parabolic SAR showing an upward trend, and the launch of Jupiter Studio, Jup could break the $0.471 resistance. If successful, you can target $0.517. However, without sustaining bullish momentum, Altcoin may continue to integrate within its current scope and limit short-term profits.
Dog (Bitcoin) (Dog)
Dog is a meme coin built on Bitcoin and is expected to host an airdrop event over the weekend, with Kraken Exchange Marketing July 6th being dated. Airdrops can usually create excitement and drive demand for tokens.
Dogs are attracting investors’ attention due to their resilience in the market. Meme Coin, which currently trades for $0.0041, could move to $0.0047 when demand for Airdrop increases. This potential price hike could make dogs a popular option for traders looking to capitalize on short-term exercise during the event.
However, if Airdrop hype fails to create a significant price change, your dog may experience sideways movements beyond the $0.0039 support level. A drop below this support could disable bullish outlook and lower Altcoin to $0.0035.
Hoshiko cat (Hoshiko)
Hosico has been attracting a lot of attention from investors, up 172% over the past week. Meme Coin is currently trading at $0.0514, showing strong momentum. This surge highlights the potential of Hoshiko, but market dynamics can change as the coin faces resistance and investor sentiment evolves in the short term.
The relative strength index (RSI) indicates that Hosico has been over-acquired due to the recent surge. However, this could lead to a cooling-off period, allowing Altcoin to build momentum for further growth. If the bullish trend persists, Hoshiko could break beyond the $0.0619 resistance, aiming for $0.0775 in the coming weeks.
If sharp sales pressure occurs, the horse could lose support at $0.0486. This could override the current bullish outlook and reduce to $0.0347.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
