After a slightly bearish week, next weekend is expected to be a turning point for the crypto market. This is when the Trump Mask feud ceased. This is unlikely to consider the tenacity of having the last word.
Beincrypto has identified three Altcoins to watch three Altcoins this weekend, as well as the directions to take over the next two days.
1inch network (1inch)
The 1-inch price is expected to rise over the next two days as the protocol is undergoing a major upgrade. The 1IP-78 update introduces important improvements aimed at enhancing adoption and use of the 1-inch protocol. This upgrade could be a catalyst for positive price transfers in the short term.
One inch shows signs of recovery, trading at $0.1982 despite a 6% drop in the last 24 hours. The one-sided cloud shows sustained bullish momentum, which could help out above the price of a key support level of $0.2092. This level of support is important in determining the direction of price.
If the bear market situation continues, one inch could experience additional losses. A drop below $0.2092 could potentially send AltCoin to under $0.1886. Rejecting these levels can neutralize bullish outlook and lead to a downward trend of 1 inch.
High lipids (hype)
Hype has been one of the best performing tokens this week, up 8%. This strong momentum is expected to last through the weekend, potentially exceeding $36.47. If this trend is like that, the hype can see the movement even more upward and you can see it well.
The Chaikin Money Flow (CMF) indicator shows that it is beyond the zero line despite some spills. This suggests that the market is still buying pressure, allowing the hype to approach the highest ever (ATH) of $42.25. Currently, the coin is 23.8% away from reaching this level.
As the outflow intensifies and market sentiment weakens, the hype could decrease. Below the $31.26 support level indicates even more debilitating, potentially dropping to $27.31. Such a scenario negates the current bullish outlook and turns market sentiment into bearish.
QUANT (QNT)
QNT is working well this week, showing a strong bullish signal similar to hype. The moving average (EMA) of the indexes that have recently formed golden crosses has continued to expand. This pattern shows a sustained bullish momentum, suggesting that QNT can see further price increases in the short term.
The upward momentum could help the QNT bounce off its $110 support level and could rise to $121. If the price exceeds this resistance, the door will be opened for a move towards $126. This positive price action shows that QNT is likely to maintain its bullish trend for now.
However, if the price does not violate $121, QNT may continue to consolidate at this level. If $110 support is lost, Altcoin could drop sharply to $101, negating the current bullish outlook and signaling a move to a bear market situation.
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.
