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3 notable altcoins this weekend
The weekend in the crypto market is a period that is both promising and highly volatile. During this time, institutional investors often withdraw, leaving the market for retail traders to navigate, leading to increased volatility, making it more challenging to manage investment positions.
Therefore, the article will analyze 3 altcoins that investors should watch over the weekend, as they show a clear upward trend.
Fartcoin (FARTCOIN)
FARTCOIN, a leading meme token in the AI sector, has recently seen significant growth, adding 24% in just the past 7 days. Positive momentum is helping this memecoin continue to attract attention as it maintains an upward trend over the past few weeks.
Currently trading at $1.57, FARTCOIN is aiming to consolidate the support zone at $1.54. The Ichimoku cloud is positioned below the candles, signaling a continuation of the bullish trend. If the upward momentum continues, this altcoin's next target could be $2, further solidifying its position in the market.
Jupiter (JUP)
Jupiter (JUP) has witnessed a significant influx of capital following the recent Planetary Call event, clearly reflected by the CMF index skyrocketing over the past seven days. The increasing demand reflects a growing interest from investors, which may signal a continued upward trend in the short term for Jupiter.
Thanks to the increase in capital inflows, the JUP price increased by 22.9% in 7 days, to $0.61. Currently, the token is heading to consolidate the $0.57 level as a support zone. If it successfully rebounds from this level, the price can continue its rally to $0.68.
MOO DENG (MOODENG)
Memecoins are often known for their high volatility, especially on weekends, making them important assets to watch. MOODENG, one of the top memecoins, is approaching a golden cross signal — confirmed by the EMA indicator. When the 50-day EMA crosses above the 200-day EMA, it will confirm the potential start of a bullish trend.
This golden cross signal could drive the price to increase even further, continuing the 28% rise recorded in the past 24 hours. If MOODENG breaks through the resistance level of $0.355, the price could rise to $0.45 — bringing this altcoin closer to its historical peak of (ATH) at $0.7, while also increasing interest from investors.
Minh Anh