The crypto market has crashed sharply over the past 24 hours, with an already painful week for Bitcoin and altcoin. This causes cryptographic tokens to rely on external development to cause changes in stance.
Therefore, Beincrypto has analyzed three such altcoins that investors need to monitor over the weekend.
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Jupiter (jup)
Jupiter (JUP) prices have fallen 10% over the past 24 hours and are currently trading at $0.425. Altcoin has subsided its $0.426 support line, signaling its short-term debilitating.
JUP faces additional pressure this weekend from unlocking 53.47 million tokens worth $2,285 million. Such a large supply flush could overwhelm current demand and force Altcoin. As the bearish momentum gets stronger, Jup could fall through existing support and test $0.404 in the short term.
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However, if Jupiter prices exceed the $0.426 support, recovery is still possible. A strong bounce can raise the JUP to $0.475, which could restore investor trust. Violating this level of resistance will invalidate the bearish outlook.
Aster (Aster)
Aster was an outstanding token this month. Altcoin is listed in the Safepal Crypto wallet and is set up to enhance accessibility and adoption. This exposure could attract new investors and further strengthen the presence of Aster’s market in the coming weeks.
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The additional momentum from SafePal integration could help Aster regain $1.87 in support. A successful bounce will propel Altcoin towards $2.24, reaching $2.43 within the impressive distance of the ATH. This goal remains 33% apart, providing potential bullish opportunities for investors if conditions are met.
However, if the broader market bears persist, Aster remains vulnerable to further declines. A slip below $1.71 will lower the price to $1.58, negating the bullish outlook. Such a move shows weakening investor reliability.
Mantle (MNT)
MNT is another of the major altcoins to watch this weekend. Altcoin is currently trading at $1.70 and is consolidating under a $1.77 resistance, whilst retaining beyond its $1.59 support. This narrow range limits momentum for several days and prevents altcoins from securing breakouts.
Despite being in the range, the MNT showed strength by forming a new all-time high (ATH) at $1.91 at an intraday high. For a fresh gathering, the token must break the $1.77 resistance. By achieving this milestone, MNT was placed within 12.7% of ATH, showing new bullish momentum if investor demand was strengthened.
On the downside, investor impatience can cause sold out and put MNT at risk of breaking support under $1.59. Such a move could extend the loss to under $1.47, effectively invalidating bullish papers.
