After a mildly bearish week, the coming weekend is expected to be a turning point for the crypto market. This is if the Trump-Musk feud comes to a halt, which is unlikely given their tenacity to have the final word.
BeInCrypto has identified three altcoins to watch this weekend and the direction in which they will be taking over the next two days.
1Inch Network (1INCH)
1INCH price is expected to rise in the next two days as the protocol undergoes a significant upgrade. The 1IP-78 update will introduce key improvements aimed at boosting the adoption and usage of the 1inch Protocol. This upgrade could be a catalyst for positive price movement in the short term.
Despite being down 6% in the last 24 hours, trading at $0.1982, 1INCH shows signs of recovery. The Ichimoku Cloud indicates persistent bullish momentum, which could help push the price above the crucial support level of $0.2092. This support level will be key in determining the price direction.
If bearish market conditions continue, 1INCH may experience further losses. A drop below $0.2092 could send the altcoin toward $0.1886 or even lower to $0.1793. A decline to these levels would invalidate the bullish outlook and could result in a prolonged downward trend for 1INCH.
Hyperliquid (HYPE)
HYPE has been one of the best-performing tokens this week, with an 8% increase. This strong momentum is expected to continue into the weekend, potentially pushing the price above $36.47. If this trend holds, HYPE could see further upward movement, making it one to watch closely.
The Chaikin Money Flow (CMF) indicator shows that despite some outflows, it remains above the zero line. This suggests that there is still buying pressure in the market, which could drive HYPE closer to its all-time high (ATH) of $42.25. The coin is currently 23.8% away from reaching this level.
If outflows intensify and market sentiment weakens, HYPE could experience a decline. A drop below the support level of $31.26 would signal further weakness, potentially leading to a fall to $27.31. Such a scenario would invalidate the current bullish outlook and shift the market sentiment towards bearish.
Quant (QNT)
QNT has performed well this week, showing strong bullish signals similar to HYPE. The Exponential Moving Averages (EMAs), which recently formed a Golden Cross, continue to expand. This pattern indicates sustained bullish momentum, suggesting that QNT could see further price increases in the near term.
The upward momentum could help QNT bounce off the $110 support level, with a potential rise to $121. If the price breaks above this resistance, it would open the door for a move toward $126. This positive price action indicates that QNT is likely to maintain its bullish trend for now.
However, if the price fails to breach $121, QNT may continue to consolidate under this level. If the $110 support is lost, the altcoin could experience a sharp decline to $101, invalidating the current bullish outlook and signaling a shift toward bearish market conditions.
Disclaimer
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