Altcoins
Top 3 Altcoins to Watch Next Week
We’re about to finish the first of 2024, and this half has been a real crypto experiment with Bitcoin hitting new all-time highs, Ethereum under ETF convoy, and evil altcoins surprise gains and losses.
This week, cryptocurrencies saw uncertain losses and gains, with Bitcoin price crossing the $60,000-$62,000 mark, ETH in dark clouds, new memecoins making waves and new sectors like AI token and RWA at the bottom of the hill.
The market is uncertain, but yielding. It is therefore very important to determine which projects have the potential to resist corrections and suffer setbacks. Hers is our watch list for next week.
1. Kaspa (KAS): Target $0.25
The Kaspa blockchain, KAS, increased from $0.149 to $0.18 at the time of writing, a growth of 22%. Consistent with this week’s performance, the asset has surpassed 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. Next week’s looks significantly higher than $0.25.
Additionally, the Elder-Ray Index is plotting a positive value suggesting an upcoming upward movement. The indicator shows the strength of buyers and sellers in positive and negative form respectively.
2. Brett (BRETT): target $1.7 to $1.9
Brett, the #1 meme coin on the core network, has been traders’ choice since its release. This cryptocurrency this week (June 23-29) rebounded from the low of $0.1278 to the live price of $0.16, an increase of 26%. On Tuesday alone, BRETT jumped 36% to $0.17, followed by a slight correction in the following days, now entering 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 predicts a consolidation phase, while the price is above all moving averages, the technicals are falling. 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 have shown their confidence in the Akash network this week, sellers have been weak and the price has been pushed back from $2.71 to $3.64, a 34% increase in 4 days. Consistency can be seen above $3.60, profit-taking seems to be reduced and buyers are showing interest near the support area.
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.