Altcoins
Top 3 Altcoin Watchlists For Next Week
We are about to wrap up the first half of 2024, and this half has been quite the cryptocurrency experience, with Bitcoin hitting new all-time highs, Ethereum being watched by ETFs, and altcoins seeing unexpected gains and losses.
Cryptocurrencies have seen losses and uncertain gains this week, with the price of Bitcoin surpassing $60,000-62,000, ETH in the clouds, new memecoins making waves, and new sectors like AI token and RWA trailing behind.
The market is uncertain, but soft. Therefore it is very important to identify projects that have the potential to resist corrections and make retreats. This is our checklist for next week.
1. Kaspa (KAS): $0.25 target
The Kaspa proof-of-work blockchain, KAS has risen from $0.149 to $0.18 at the time of writing, a growth of 22%. In line with this week’s performance, the asset has moved above all long-term moving averages and sentiments remain strong.
Awesome Oscillator (AO) shows red bars on the histogram, but not intense ones, which could lead to a short-term correction near the $0.183 resistance. Next week’s price looks significantly higher than $0.25.
Furthermore, the Elder-Ray Index tracks a positive value which suggests a bullish move forward. The indicator shows the strength of buyers and sellers in a positive and negative metric respectively.
2. Brett (BRETT): Target $1.7 to $1.9
Brett, the #1 meme coin on the Base network, has been a favorite among traders since its release. This cryptocurrency has bounced from a low of $0.1278 to a real price of $0.16 this week (June 23-29), up 26%. On Tuesday alone, BRETT surged 36% to $0.17, followed by a slight correction in the following days, now entering the consolidation phase.
Current price parameters are bullish towards the $0.17 hurdle.
With all the positive price action, BRETT has never reached $0.2 and ATH is $0.192. A surge above $0.2 will be a psychological outcome.
Brett’s team is making strong fundamental moves like the recent listing on SuperEx and the upcoming SeamlessFi could give buyers a boost.
The BRETT/USDT chart is in a consolidation phase, while the price is above the moving averages, the technicals are bearish. The MACD is above the histogram but below the trend line, showing neutralization.
Additionally, the Alligator indicator shows trend lines that are approaching, with the green and red lines in the same place.
BRETT appears to be sleeping now, waiting for the price to move in one direction or the other to book profits next week.
3. Akash Network (AKT): Target $3.8 to $4.2
Investors have shown confidence in Akash Network this week, sellers have been weak and the price has dropped from $2.71 to $3.64, a 34% spike in 4 days. Some consistency can be seen above $3.60, profit booking seems to be reduced and buyers are showing interest near the support zone.
AKT price is now defending SMA and EMA 30, but has dropped below for a while. A cross above the 200 EMA will trigger an upside rally. Conversely, if the price direction changes direction and the price collapses 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 nice golden cross indicating a strengthening trend.