Altcoins
Top 3 Altcoins to Watch Next Week
We’re about to complete the first half of 2024, and this half has been quite the crypto experience with Bitcoin hitting new all-time highs, Ethereum under ETF convoy, and altcoins posting surprise gains and losses.
This week, crypto saw uncertain losses and gains with Bitcoin price dropping from $60,000 to $62,000, ETH in dark clouds, new memecoins making waves and new sectors such as AI token and RWA on foot.
The market is uncertain, but yielding. So it is very important to identify projects that have the potential to withstand corrections and pullbacks. His is our watchlist for next week.
1. Kaspa (KAS): target of $0.25
Proof-of-work blockchain Kaspa, KAS has moved from $0.149 to $0.18 at the time of writing, a 22% increase. In line with this week’s performance, the asset has traded above all long-term moving averages and sentiments remain strong.
Awesome Oscillator (AO) is showing red bars on the histogram, but not intense, which may lead to a short-term correction near the $0.183 resistance. The one for next week looks significantly higher at $0.25.
Moreover, the Elder-Ray Index is plotting a positive value suggesting an upcoming bullish move. The indicator shows the strength of buyers and sellers in a positive and negative measure respectively.
2. Brett (BRETT): target $1.7 to $1.9
Brett, the #1 cryptocurrency on the Base network, has been a trader’s choice since its release. This week (June 23-29), the cryptocurrency bounced from the low of $0.1278 to the real price of $0.16, a 26% increase. On Tuesday alone, BRETT jumped 36% to $0.17, followed by a slight correction in the last few days, now moving into the consolidation phase.
Current price action is bullish towards the $0.17 mark.
Despite all the positive price action, BRETT never reached $0.2 and its ATH is $0.192. A rise above $0.2 would mark a psychological achievement.
Brett’s team is making strong fundamental moves, like the recent listing on SuperEx, and the upcoming SeamlessFi could provide some momentum for buyers.
The BRETT/USDT chart is forecasting a consolidation phase, while the price is above all moving averages, technicals are down. The MACD is above the histogram but below the trendline, showing neutralization.
Additionally, the Alligator indicator shows trend lines approaching each other with a green and red line in the same place.
BRETT appears to be sleeping now, waiting for the price to move one way or the other to book profits next week.
3. Akash Network (AKT): target $3. 8 to $4.2
Investors showed their confidence in the Akash network this week, sellers were weak and the price dropped from $2.71 to $3.64, a 34% increase in 4 days. Consistency can be seen above $3.60, profit taking appears to be reduced and buyers are showing interest near the support zone.
AKT price is now defending the 30 SMA and EMA levels, but has fallen below for some time. A crossover above the 200 EMA will trigger an upward rally. Conversely, if the price direction reverses and the price drops to $2.75, the seller will drag further towards the $2 hurdle.
The RSI at 44 slows the oversold position and the MACD paints a thin golden cross indicating a strengthening trend.