Altcoins
Top 3 Altcoin Watchlists For Next Week
We’re on the verge of completing the first of 2024, and this half has been a true crypto experience with Bitcoin hitting new all-time highs, Ethereum under the ETF convoy, and altcoins making surprise gains and losses.
This week has been a mixed bag of losses and gains for cryptocurrencies with Bitcoin price jumping above $60,000 to $62,000, ETH in the dark clouds, new memecoins making waves, and new sectors like AI token and RWA taking a beating.
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
Proof-of-work Blockchain Kaspa, KAS has moved from $0.149 to $0.18 at the time of writing, up 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, which could lead to a short-term correction near the resistance of $0.183. Next week’s price seems significantly above $0.25.
Additionally, the Elder-Ray Index plots a positive value that suggests a bullish move ahead. 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 meme coin n. 1 on the Base network, it has been the choice of traders since its release. This cryptocurrency this week (June 23-29) bounced from the low of $0.1278 to the real price of $0.16, an increase of 26%. On Tuesday alone, BRETT rose by 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 never got to $0.2 and ATH is $0.192. A surge above $0.2 will mark 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 all moving averages, the technicals are declining. The MACD is above the histogram but below the trend line, showing neutralization.
Additionally, the Alligator indicator shows trend lines coming together, with the green and red lines at the same point.
BRETT appears to be sleeping now, holding on for the price to move in either direction to book profits in the coming 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 holding SMA and EMA 30, but has slipped below for a while. A cross above EMA 200 will trigger an upside rally. On the contrary, if the price direction changes and the price falls to $2.75, the seller will drag further towards the $2 obstacle.
The RSI at 44 slows down the oversold position and the MACD paints a beautiful golden cross indicating a strengthening trend.