Altcoins
The top Altcoins to watch next week could soon spark a strong rally
The cryptocurrency market is about to enter weekend trading and as expected, a slight increase in volatility has been observed. Consequently, the Bitcoin price has undergone a slight pullback below $70,000, which changed the possibility of forming a new ATH. Meanwhile, some altcoins have gained momentum and are expected to trigger a healthy recovery in the coming week.
Injective (INJ)
The latest market rally has helped the Injective price break out of the descending wedge. The price has reached one of the crucial resistance zones, and if it enters the zone, the price is expected to trigger a healthy recovery until it reaches $31. However, technical data suggests that the price may consolidate for a while before the bullish breakout. Therefore, after closing the weekly trading on a bearish note, the INJ price is expected to maintain a healthy recovery throughout the week ahead.
Wormholes (W)
Wormhole has attracted a lot of attention since its inception, however, the price has maintained a strong downward trend. However, the price is trying to break out of the bearish captivity and the upcoming bullish weekly close could confirm the bullish statement. The RSI is incremental and forms higher highs and lower lows, suggesting that steady price growth can be expected thereafter, which could lead to the W price reaching $1.
JasmyCoin (JASMY)
JasmyCoin price has been in the spotlight after rising more than 500% in the last two months. After reaching the crucial resistance, the price maintained a strong upward trend and reached $0.04, which indicates the continuation of the uptrend ahead. JASMY price is expected to close weekly trades above $0.041, which could pave the way for a bullish week ahead with a huge possibility of reaching higher targets near $0.05.
Stacks (STX)
Similar to other altcoins, Stacks has been trading within a strong downtrend for over a month, which has been broken in recent days. With this, the bulls have gained momentum and seem confident of maintaining a strong upward trend. The price, after a breakout, has undergone a retracement, which further opens the door for a fresh recovery, which could help the STX price to regain the crucial resistance zone between $2.77 and $2.87 in the coming week.
Toncoin (TON)
Toncoin was one of the biggest surprises of the year, as the token led a nice rally to enter the top 10 cryptocurrencies. Since the token marked a new ATH, it has been stuck inside the zone and has failed to move beyond it. However, the price is expected to break above the resistance and reach $8, which will be a new high followed by a bearish pullback.