The Crypto market has fallen into the revision phase, falling from $4.08 trillion on August 15th to about $3.89 trillion today. This is a 4.6% pullback within a week, with most categories under pressure. Smart Contract Platform and Defi Token lead the retreat. Despite this choppy background, several projects still stand out as Altcoins this weekend.
We have carefully selected three coins/tokens that show a strong bullish setup. One coin has even seen decent demand from whales.
ZCASH (ZEC)
ZCASH, known for its privacy-centric protocols, shows signs of new strength after weeks of lateral trading. It’s already risen by 9%.
On the 12-hour chart, the ZEC price is approaching $43.48 against resistance.
What makes this movement worth noting is the increased consistency of the momentum indicator. The 20-day EMA or exponential moving average (red line) is on the crisis across the 50-day EMA (orange line). This bullish change often precedes a sharp gathering.
Bullish EMA crossovers occur when short-term EMA (like 20 days) exceeds long-term EMA (like 50 days). It suggests that buyers are gaining strength and that the trend may be rising.
At the same time, the Bullbear Power Indicator has been actively changing in favor of bulls in favor of weekend-centered bulls.
The power of the Bullbear shows a tug of war between the buyer (bul) and the seller (bear). If it is positive, the bull becomes stronger. In negative cases, the seller is pushing harder.
If the setup is kept, ZEC can extend the rally to $45.99 and $47.12. However, to do so you’ll need a full candle that exceeds $43.48. But the risk lies in losing a $39.60 base. This neutralizes the bullish crossover narrative and integrates the tokens.
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ChainLink
ChainLink continues to strengthen its reputation as a major Oracle project, with recent chain activities adding fuel to the story.
Over the past week, whales have accumulated 1.09 million links, an increase in holdings of 24.77%, worth almost $27 million at current prices. Such intensive purchases from large holders are rarely overlooked, and often create floors under the market, suggesting confidence in the project’s outlook.
Technically, Link has integrated around $24.95 and sits between the $24.69 (0.382) and $25.72 (0.5) Fibonacci retracement zone.
A successful breakout of over $26.76 (0.618) will result in a token of $28.23, which will ultimately reach a psychological $30.00 level.
Importantly, current DIP offers new entry zones like whales demand has increased, highlighting why Chainlink remains the top pick on Altcoins’ list of viewable. However, a lasting breakdown of less than $21.34 disables bullish setups.
Toncoin (Ton)
Toncoin is attracting market attention, technically and essentially. On the charts, the ton trades for nearly $3.28 and rests within a week’s upward channel. Prices are consolidated at just $3.35 of resistance, and a breakout here could accelerate the move to $3.51 and $3.70.
Adding weight to a bullish case is a hidden divergence. While the RSI (relative strength index) has become lower, the price itself has been printed at a higher and lower value. Classic signal of underlying buyer strength and potential reversal.
RSI tracks momentum buying and selling on a scale of 0-100. Divergence occurs when the price and RSI move in the opposite direction. For example, hidden bullish divergence will result in lower prices, but lower RSI. This often shows that the purchase pressure is quietly built, even if the chart looks weak.
Fundamentals provide even more support. Verb Technology’s $780 million financial strategy Backington has boosted investors’ trust. Meanwhile, the integration of native ton staking from Ledger Live has opened up safe and non-mandatory staking access to millions of users.
Together, these factors position Tons as one of the most powerful altcoins to watch this weekend. Still, the nullification is below $3.18, and deeper slips below $3.09 shift bias into neutral.
Post 3 altcoins to watch this weekend | It first appeared on Beincrypto from August 23rd to 24th.
