As Bitcoin approaches ATH, the market appears to be open to Altcoins. This will be important for the next few days as Crypto tokens may have some benefits.
Bincrypto has analyzed three Altcoins for investors to watch this weekend.
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SPX6900 (SPX)
SPX prices have skyrocketed 32.7% in the last 48 hours, making it one of the best performing meme coins of the week. The tokens are trading at just $1.28, a resistance level of $1.29, as investors are closely monitoring confirmations of sustained breakouts.
Technical indicators suggest that bullish momentum is being built. The parabolic SAR is placed under the candlestick and shows an upward trend. As the rally continued, SPX tested $1.47 above $1.39, hitting a three-week high, wiping recent losses while increasing investors’ confidence in the token recovery.
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However, there are still negative risks. If weekend sales pressure builds up, the SPX could face pullbacks. A decline below the $1.16 support level weakens bullish outlook and draws even more attention among traders. Such a decline could revoke recent profits.
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ZCASH (ZEC)
Another altcoin to watch this weekend is ZEC. It recently emerged as one of the top-performing altcoins, currently trading at $147. Tokens have skyrocketed 164.8% in the past week, marking one of the strongest rallys in years. With momentum building, ZEC is currently focusing on the $150 resistance level as its next target.
If Zec violates $150, Altcoin can extend the rally to $170. Surge has already pushed cryptocurrency up to three and a half years, reinforcing bullish sentiment. This milestone places ZEC for potential profits as market optimism grows around its role as a digital asset focused on key privacy.
However, there is still a risk of correction. If investors start to make money after a recent rally, ZEC could face sudden downside pressure. Over $120 can expose your token to further losses, potentially falling below $100. Such a decline will negate bullish papers and raise attention among traders.
BNB
BNB is one of the top altcoins with top performance this week, surged by 17% in just seven days. The cryptocurrency is currently trading at $1,107, reflecting strong market demand. This performance strengthens its position as one of its key assets.
In the rally, BNB formed a new all-time high for $1,114. Technical indicators such as parabolic SAR refer to active uptrends. If momentum applies, the BNB could move even higher in violation of $1,139, set up another ATH, and attract additional investors’ interest in the token.
Still, there are still negative risks. If profit-earning or bear market cues appear, BNB could drop to a support level of $1,046. A breakdown under this floor would open the door to a decline to $1,000. If it drops further below this level, bullish papers will be completely invalidated.
