The crypto market had a volatile week with many coins rising and many others crashing. Amongst them were the likes of Maple Finance (SYRUP), which even managed to post a new all-time high.
Thus, BeInCrypto has analyzed three such altcoins for investors to watch this weekend as they appear to be on track for a rally.
Maple Finance (SYRUP)
SYRUP reached a new all-time high of $0.55 this week before experiencing a slight drop to $0.49. This price point is a key resistance level, and successfully breaching it is crucial for continuing the uptrend. Holding above $0.49 will provide SYRUP with the momentum needed for further gains.
The broader market sentiment is currently bullish, which bodes well for SYRUP’s growth. If the altcoin manages to break through the $0.55 resistance, it could move towards $0.60 and form new all-time highs.
However, if investor sentiment turns bearish and selling pressure increases, SYRUP could drop to the support level of $0.43. A break below this support would invalidate the current bullish outlook and suggest that the upward momentum has stalled.
Bitcoin Cash (BCH)
BCH is currently trading at $490, having gained 15.6% over the past week. The altcoin has benefited from Bitcoin’s rally, pushing it closer to the $500 mark. Investors are closely watching this price level as BCH continues to show strength following BTC’s recent performance.
The next critical resistance level for BCH is $501, a level it hasn’t breached since December 2024. The Ichimoku Cloud indicator is showing strong bullish momentum, suggesting that BCH could push past this resistance. If the altcoin successfully breaks through $501, it may continue to $529, with further gains possible.
However, if investor sentiment shifts and selling pressure increases, BCH could fail to break the $501 resistance. In this scenario, the altcoin’s price may fall back to $446, invalidating the current bullish outlook. A failure to maintain momentum could signal a reversal for BCH’s price in the short term.
Joe Coin (JOE)
JOE has seen impressive growth this week, rising by 97%, and is currently trading at $0.055. The altcoin is attempting to secure the $0.050 support level, a critical price point for maintaining its bullish momentum. This recent performance highlights the altcoin’s potential for further growth.
If JOE successfully holds the $0.050 support, it could push toward the next resistance level at $0.060. The Parabolic SAR indicator is currently positioned below the candlesticks, signaling an ongoing uptrend. This technical setup increases the likelihood of continued upward movement in the coming days, drawing further investor interest.
However, if JOE faces increased selling pressure over the weekend, it may fail to secure the $0.050 support. In this case, the price could fall to $0.039 or even $0.033, invalidating the current bullish outlook. A sharp drop would signal a shift in sentiment, potentially leading to further declines.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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